Foreclosure Auction Guide - PropertyRadar.com (formerly ForeclosureRadar.com)

Описание: In less than ten minutes, learn the basics of how a trustee sale foreclosure auction works.

00:00 Courthouse Foreclosure Auction Guide with Sean O’Toole with PropetyRadar (formerly ForeclosureRadar.com)
01:10 How to find out the location of the auction sale at the courthouse
00:55 The three possible outcome of a foreclosure auction
01:32 The details an auctioneer will call out during the auction process for a particular property
02:09 What to expect with multiple auctioneers during foreclosure auctions
02:38 Do cancellations, postponements, and sales happen in any particular order?
03:10 What is the specified or opening bid? Is it what the bank is owed?
03:34 If no third-party bidder bids more than the opening price, what happens?
03:58 The most important lesson from this video understanding what you’re bidding on
04:57 The reason why you need to pay attention to the document number and the recording date of the deed of trust
05:12 All sales are made in as-is condition without covenant or warranty expressed or implied regarding title, possession, condition, or encumbrances
05:22 What happens is something is wrong with the property purchased at the foreclosure auction?
05:33 Will the auctioneer or auction company give you a key to the property to the winning bidder?
05:36 What happen to the tenant when you win the bid at a foreclosure auction?
05:43 Are other liens and property taxes wiped out at foreclosure auction?
05:51 What happens to the first when you accidentally bid on a second?
06:49 What do you need to become a qualified bidder at a foreclosure auction?
07:23 How does the actual bidding process work?
08:00 When is the sale final? When the auctioneer proclaims “sold” (hint: nope)
08:42 What happens when you’re the winning bidder?
09:03 What happens if you don’t have the exact amount at the foreclosure sale? Or overpay?
09:27 What happens when no one bids on a property at foreclosure sale?

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