Home : Blogs : Denis DaSilva Bank Owned Foreclosure Expert : Denis's Blog

Buying a Foreclosure Home at Auction

Buying a foreclosure home at its courthouse auction is the second opportunity you have in the foreclosure process. Like most other auctions, you’re just as likely to get an amazing bargain as the excitement of the auction may drive up the purchase price. Foreclosure auctions are public, and are usually attended by the original mortgage lender and other more professional real estate investors.

Pros of buying a foreclosure home at auction
• Average savings of 20-35% off market value.
• Immediate ownership of property.

Cons of buying a foreclosure home at auction
• Property may still be occupied.
• Auctions are frequently postponed.
• Personal inspection of the property is unlikely.
• 100% of cash price is usually due immediately.

Posted by Denis DaSilva Bank Owned Foreclosure Expert on 05/14/2007 02:42 PM

Comments (4)

foreclosure

This post has been included in Massachusetts Information

4 Comments on Buying a Foreclosure Home at Auction

MAY

2007

The foreclosures we are seeing in our market don't seem like a very good value..

Hi Denis. Welcome to the Rain! Hope you enjoy it here and keep blogging!

Hi Denis,

Welcome to the ActiveRain Blog network.
Shortly after I started blogging on Active Rain, I wondered how some features worked or how to do some of the things others were using in their posts.

I searched the site and could not find the "Operating Manual".

I asked some questions to other bloggers and soon realized the the power was in the network since most questions had already been answered by other users.

If you find yourself in this situation and have some questions, visit the post below and you will find tips, info and many features of ActiveRain that have been documented by other members.

Instructions, Getting Started on ActiveRain Blog community, Google Ranking, Networking info

Nice having you on board,
Mario

Tampa Realtor , Broker Associate
People's Choice Realty Services, Tampa, Florida

JAN

2008

With fifteen years of direct mail experience, Eric Jacobson, president of Chicago-based - Direct Mail Events, a full-service, real estate direct mail marketing campaign and graphic design consultancy, specializes in developing "ACCELERATED" and highly effective real estate luxury home auction direct mail marketing campaigns for businesses across the United States.

Direct Mail Events has "MADISON AVENUE" type pre-auction direct marketing experience to help luxury home auctioneers, home developers, brokers, real estate investors and homeowners market their luxury homes effectively!

Visit the company's website for more information at http://www.directmailevents.com or call 888-500-7525. See what Direct Mail Events Can Do for Your Real Luxury Home Auctions and Open Houses Exposure and Results!

http://www.directmailevents.com

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?