In My Neighborhood in 33014>Question Details

icre8dan, Home Buyer in Miami Lakes, FL

When and where is the auction on this property?

Asked by icre8dan, Miami Lakes, FL Thu Oct 6, 2011

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You search the Clerk of Miami Dade county for the records and when the foreclosure auction will be held at the courthouse. You will have to pay ALL CASH for 100% of your winning bid, it's not possible to get a mortgage.
0 votes Thank Flag Link Thu Oct 6, 2011
icre8dan,
You didn't indicate a property. Check with local Trustee websites to find the property and auction date. Buying at an auction is a risky event. You must have cash or pre-arranged financing through a hard money lender. Conventional real estate financing is not available for these homes up front. You get no seller's disclosure of known defects, no inspection escape and all properties are sold as is. You will be competing with professional investors with lots of experience. If all of this is okay, go for it.
0 votes Thank Flag Link Thu Oct 6, 2011
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