Question Details

Lyn, Both Buyer and Seller in Nevada

when my house is sold at auction how long before the process is completed?

Asked by Lyn, Nevada Sat Jul 19, 2008

i.e. once a deposit has been paid how long do the purchasers have to complete the purchase

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Answers

1
Lynn
It depends on the auction agreement. If you have a legal question, ask an attorney, this is not legal advice.
In most cases a deposit is required to bid, then the winning bidder has a set amount of time for additional inspections, appraisal, loan approval, etc.

There are different types of auctions. A Sheriff's sale (for back taxes), and foreclosure auction, etc. The terms are all different.
0 votes Thank Flag Link Sun Jul 20, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
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