Can anyone recommend a property auctions website on the internet Thanks?

Question

I' m looking to buy property in the uk only, I was'nt looking to buy over the internet I'm not that stupid, just wanted to know where these autions take place ect.

Answer 1

Just a word of caution...

Do not purchase a property off the internet unless you have gone a physically examined the property yourself. \

One of the hottest crimes out there is to convince people to purchase a home at an inflated price. If you don't know the market and/or you are relying upon an appraisal or something you read, you're basically asking to be ripped off. Crooks use fake appraisals, dummy posts on web sites, and people's ignorance to steal.

For example, I know of someone (friend of friend) from Cali who purchased four properties, site unseen, in Atlanta for $100,000 each. He was told that the homes could easily be repaired and resold for $250,000 each. After all, Atlanta is hot. Unfortunately for him, not that part of Atlanta. That part is drug-infested. People abandon homes there. In fact, the homes he purchased were bought at a tax sale for about $25,000 each. He was ripped off.

His only choice: default on the mortgages. Right? Actually, the lender can still go after him once the homes are sold because it was his negligence that caused the loss.

Everyone knows you don't buy a property unless you've actually seen it. Except people who think the internet trumps this basic rule. We call those people fools. The law does not protect fools.

Answer 2

Sorry, I can't help you profit off of other peoples misery.