Home Buying in Orlando>Question Details

emolina1976, Home Buyer in Orlando, FL

when a house is for auction does the payment need to be in full cash?

Asked by emolina1976, Orlando, FL Wed Feb 13, 2013

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If it is OC court house it is ALL cash by noon the next business day. 5% has to bee in escrow at the time of the bid.

If REO then deposit+ balance of funds in 30 days, cash/wire trasfer of funds, bank loans... etc.

VP
0 votes Thank Flag Link Wed Feb 13, 2013
If it is a court house trustee auction = yes, cash. If it is private then you need to read the rules. Often they want 10% now and close in 20-30 days.
0 votes Thank Flag Link Wed Feb 13, 2013
Is is a bank, private, or court house auction?


VP
0 votes Thank Flag Link Wed Feb 13, 2013
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