There are no "rules" in a seal bid auction. The seller sets up the terms and conditions under which he will sell the property including dates and times for opening ALL bids. Some sellers require that the second highest bidder keep their bid open for at least 30 days after bid opening and that the bidder must be prepared to close on the deal according to all the terms and conditions should the high bidder fail to perform.
High bid is sometimes determined by the seller HUD for example) as the one which gives the seller the most cash after ALL expenses. Since closing cost cannot be determined accurately at bid closing time offering to pay all closing cost (minus sellers attorney's fees) may make your bid more attractive to a seller than one which has a higher opening amount.... more
Yes it is really simple, go to propertyshark.com and look up the property that way. If you still can not find it then e-mail me the address and I will look it up for you. Best of luck!
25 Hudson Street|New York, NY 10013
212.792.9254 Direct |646.246.8476 Cell
â€œSometimes I've believed as many as six impossible things before breakfastâ€.-
Lewis Carroll (1832-1898)... more
Usually the appraiser sends the coop questionaire to the coop management for completion then that information is returned to the bank as part of the appraiser's package. By the way some management companies charges a fee to complete the questionaire.... more