I wanted to attend this property auction but I have some questions. First off let's say the property address and the owner address are the same. I am going to assume the owner still lives at the site. If this is so, do I then have to go through the eviction process if i win the bidding? Secondly, let's say I win the bidding on a house for $10,000. I pay the money and the property is mine right? Are there any hidden costs such as if the people owe a mortgage, will I also assume that cost? Will any other costs be disclosed at the time of the auction? Help please! Thanks!
2007-11-03
05:05:43
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3 answers
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asked by
blr8t2
2
in
Business & Finance
➔ Renting & Real Estate
Acer, thank you for clarifying what a tax lien sale is, however if you look at my title I am asking HOW it works. I never planned on buying something and owing a mortgage. This is why I came here and asked what it's about.
2007-11-03
12:21:05 ·
update #1