forgotten_aria: (Default)
forgotten_aria ([personal profile] forgotten_aria) wrote2009-09-20 06:27 pm
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real estate auctions

Does anyone know anything about real estate auctions? Are they good places to get deals. It seems like a really scary concept to me, especially since you have to get the home inspected BEFORE bidding, which costs money.

[identity profile] twitch124.livejournal.com 2009-09-20 10:41 pm (UTC)(link)
Historically in the US, they're a last resort for bad houses. In other countries like Australia, they're common for normal houses.

[identity profile] forgotten-aria.livejournal.com 2009-09-20 11:30 pm (UTC)(link)
This is a bank foreclosure house.