Foreclosure in Eastern Shore>Question Details

carter9ok, Home Seller in Maryland

What do you think of real estate auctions. It will go to forclosure if it doesnt sale but will cost us 50,000 -luxury prop. to auction.

Asked by carter9ok, Maryland Sat Sep 22, 2012

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Need to get a realtor to do a market analysis and base your bid on that. Good Luck!
0 votes Thank Flag Link Sat Sep 22, 2012
As far as COST goes; if it is above MARKET VALUE, don't buy it.
If you are talking about a Private Auction; be sure of what you're doing;
can you make INSPECTIONS?
Do you know if it has a CLEAR TITLE?
Do you know the FINAL COST?

Good luck and may God bless
0 votes Thank Flag Link Sat Sep 22, 2012
I was really asking if an auction would be good for me to sell my luxury property. The auction company would charge appox. 50000 to market. If it doesnt sell it will go to foreclosure. The 50000 is all I have left. Ive got 1mil in it but owe 1.8. Its been listed for 3 yrs from 11mil now at 7mil
Flag Sat Sep 22, 2012
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