Have you attended a “Sheriff’s Sale” public auction of property?

1 Answer

Answer :

answer:If there is any chance anyone related to the sale can find this post, I’d remove the amounts you are willing to go to. Hopefully this is anonymous/generic enough, since auctions and other sale negotiations tend to go less well for someone when the other side knows their price limits and/or thinking. I looked into such sales in the past and attended a couple. It depends on who else knows and is interested in the same things. Often such sales can be fairly obscure and/or have a low number of (or one or zero) serious buyers. That’s when you can get things for far under market value. What I’ve heard about banks is they usually don’t want to own any general real estate. I don’t think conventional real estate companies go around buying property – they usually just rake in commissions on sales between others. But there are real estate investors, who often have real estate agent friends. I imagine it depends on what the terms of co-ownership are like, too. It could be a good time to talk to a lawyer to understand the details of the situation better.

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