Home Buying in 89123>Question Details

douglasfenton, Home Buyer in Las Vegas, NV

The house door is a fannie ma, the owners moved out of state. It has been empty for a year. Cooper Castle Law firm served papers it would be actioned.

Asked by douglasfenton, Las Vegas, NV Sun Apr 14, 2013

I can find day of sale listings, but how can I find out when / where it will be auctioned ? Might be a good rental for me.

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Answers

10
In order to buy homes at auction you need to be a cash buyer.

If you're a cash buyer it is as simple as finding the time date and place of the auction. Most auctions are done online.

Let me know if you are in need of any assistance and I will be more than happy to assist.

Becky Cordova
702-612-1584
0 votes Thank Flag Link Wed Mar 11, 2015
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0 votes Thank Flag Link Thu Jul 10, 2014
I wish it was so simple. Here are your problems and then I'll give you an answer. The house may never come up for sale at the auction. They're just warning him that they might foreclosed on him. let's say it goes up for sale at the auction. It is very hard to get a clean title. then there is 100 other things that may really be bad for you in the long run. You assume that an auction you get a good price. But my friends at the auction tell me that they're just getting home to market value nothing below. Here's the good news find a good realtor that will put the work in effort into finding properties that will meet your criteria for a rental. But if you'd like to pursue this house. Again best thing to do is talk to a realtor. They have the information of the past history of the house and they can call the bank and other people to find out the information you need. go luck : )
0 votes Thank Flag Link Thu Jan 2, 2014
Auctions are a box of chocolates. You don't know what you are going to get. It may also have tens of thousands of dollars worth of liens on the property and/or it could be destroyed inside. Most amateurs I see at the courthouse get eaten by the sharks who go there all the time. Super dangerous.
0 votes Thank Flag Link Mon Apr 15, 2013
All Cash at the auction. You have to show proof of funds in cash or cashier's check just to bid. Also sold as-is. You already know it needs a lot of work. You will be bidding against professional construction companies that already have staff of people to do the fix up. If this is your first time investing in a rental, and if you don't have $100,000 in cash, you might want to reconsider.

David Cooper Investing in Las Vegas since 1994
http://www.lasvegaswinner.org
0 votes Thank Flag Link Sun Apr 14, 2013
Send me the address and I will look up the property and email you all vital statistics about the property.. I will need your email address.
Thank You
Suzie Marquardt
fahrnyteam@yahoo.com
http://www.LasVegasForeclosureHelp.com
0 votes Thank Flag Link Sun Apr 14, 2013
I have someone I can refer you to. He will actually go own and do bidding and prepare all documents for purchase for you. It is not quite as simple as it seems.
0 votes Thank Flag Link Sun Apr 14, 2013
Check out http://www.nevadalegalnews.com. Most in Las Vegas are auctioned on their steps at 930 So. Fourth St. Las, Vegas, NV.

Note that competition is high there with lots of $$$ from real estate funds wanting to buy for just that reason.
Web Reference: http://www.jimmychickey.com
0 votes Thank Flag Link Sun Apr 14, 2013
An addrerss is needed for anyone to check when it will be auctioned. FYI - usually you have to purchase for cash at an auction.
0 votes Thank Flag Link Sun Apr 14, 2013
Correction - Auctioned - the home has never been listed - Is it normal for homes to be auctioned without being listed first ? The house needs a big clean up.
0 votes Thank Flag Link Sun Apr 14, 2013
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