Can you still buy a property that is set for Auction? 14417 N Galatea was for sale now it's got an auction dt.

Asked by Wendy Johnson, Fountain Hills, AZ Tue Mar 10, 2009

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James Wehner’s answer
James Wehner, Agent, Scottsdale, AZ
Fri Jun 11, 2010
Yes, you can still attempt to purchase a home that has an auction date set. Not sure which type of auction your are referencing (trustee sale or bank owned auction)?

If it is a trustee sale auction your are referencing, the lender can postpone the auction while the short sale is being reviewed. There are many variable to this situation in question.
Web Reference:  http://www.jameswehner.com
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Paul Welden, Agent, Scottsdale, AZ
Tue Mar 10, 2009
Hi Wendy,

Yes you can still possibly buy a property that is set for auction. For more information, you are encouraged to first seek out the assistance of an experienced, full-time Buyer's Agent Realtor. Otherwise, you'll never know the intentions of the person who is giving you information.

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PAUL WELDEN
Buyer's Agent Realtor
HomeSmart
480-241-0081
0 votes
Stew Keene, Agent, Scottsdale, AZ
Tue Mar 10, 2009
Wendy,

Technically what you do is write an offer on the auctioned property.

Typically what happens from my experience is these auctioned properties don't actually get sold at auction because the banks minimum is not met.

Would you like more information on how to write an offer?

Stew Keene
Signature Realty Group
Scottsdale/Fountain Hills, AZ
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