Saturday, May 07, 2005
Sheriff's Auctions
Public Auction or Sheriff’s Auction
Public Auctions or Sheriff’s Auctions are not for the novice real estate investor. Generally they are the most risky time to purchase foreclosed real estate property. This is not to say that they can’t be an overwhelming profit center. There is no doubt that sheriff's auctions can yield major returns for the investor.
What happens at sheriff's auction, also known as county auctions, is generally very similar in all states. Some states will auction the property in a courtroom and others will literally auction the property on the courthouse steps.
At an auction there will typically be a referee who handles the bidding. Most likely there will be a representative from the bank that is foreclosing, and there will be some investors present, and others just interested in what is happening.
For More Info Visit:
http://www.massiveforeclosureprofits.com
Public Auctions or Sheriff’s Auctions are not for the novice real estate investor. Generally they are the most risky time to purchase foreclosed real estate property. This is not to say that they can’t be an overwhelming profit center. There is no doubt that sheriff's auctions can yield major returns for the investor.
What happens at sheriff's auction, also known as county auctions, is generally very similar in all states. Some states will auction the property in a courtroom and others will literally auction the property on the courthouse steps.
At an auction there will typically be a referee who handles the bidding. Most likely there will be a representative from the bank that is foreclosing, and there will be some investors present, and others just interested in what is happening.
For More Info Visit:
http://www.massiveforeclosureprofits.com
