An auction is a method of sale used to sell a product (house, car, boat, comic book collectibles…) to the highest bidder. A house auction can be a sale option in place of a traditional real estate listing, or it can be conducted by a bank or mortgage company after a foreclosure. Federal, state and tax regulations apply to auctions. Learn more about different types of auctions here.
If you're eager to sell your home in a tough housing or real estate market you may want to try an auction. Unlike lotteries, which are illegal, using an auction is an acceptable way to quickly sell your home. To auction your home you need to use a real estate auction company or a website such as eBay.
Can a creditor put a lien on your house or property if you're in jail? If a creditor is able to get a judgment against a debtor, the creditor can go after assets owned by the debtor: bank accounts, cars and real estate. Whether you're incarcerated does not matter, but most states have time limits for creditors to pursue judgments against debtors.
A foreclosure auction may seem like a one stop shop to pick up a foreclosed property after looking at several. But you can also find foreclosures through a real estate agent and do a market comparison to see if you're really getting a good deal. Learn about one agent's visit to a foreclosure auction.
Evander Holyfield has something in common with some less affluent homeowners: his home is in foreclosure. His $10-million estate in Fayette County, Ge...
Foreclosure expert Ralph Roberts provides tips on how to buy a foreclosure in Ilyce's column. Becoming familiar with real estate documents is essential to know how to buy a foreclosure.
Selling a home through an auction or a real estate agent is up to the seller. It takes some investigating to decide if an auction or a real estate agent will get a higher price for the home. Auctions aren't cheap, but can be quick.