Disadvantages of Real Estate Auction
 
   

 

  • No inspections allowed; as-is sale basis.

  • Bank will not agree to do any repairs; as-is sale basis.

  • Bank cannot provide disclosures as to property history/condition issues.

  • Sellers still have to move out.

  • Strict to completion date of 90-120 days to close.

  • Auction are based on terms and condition preset by Bank.

  • Auction property may have complicated legislation issues.

  • Overbid

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Copyright © 2005 - 2010  All Rights Reserved. | Home | About us | Contact us | Disclaimer |