virginia auctions: Virginia Courthouse Auctions Explained: How to Find Good Deals
- 10/25/10 05:35 AM
Have you ever searched the classified section fo your local newspaper? If so, then you've probably seen ads for "Sheriff's Sales or "Trustee Sales". These terms are used interchangeably. There are a lot of great deals to be had in purchasing homes auctioned on the courthouse steps, but be careful. The uninformed buyer may not know exactly what he/she is purchasing; therefore, it is vital to define the real estate terms and understand the process. What exactly is a Trustee? First, it is important to understand that Virginia is a non-judicial foreclosure state. Simply put, this means that the lending institution … (1 comments)
Have you ever searched the classified section fo your local newspaper? If so, then you've probably seen ads for "Sheriff's Sales or "Trustee Sales". These terms are used interchangeably. There are a lot of great deals to be had in purchasing homes auctioned on the courthouse steps, but be careful. The uninformed buyer may not know exactly what he/she is purchasing; therefore, it is vital to define the real estate terms and understand the process.
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