NWR: Auctions ?

Does anyone know how this works ?? There is a house that was foreclosed and we love it but they are having an auctio for it in a court room.

How does this all work ??

i believe you buy it *as is*...no inspection, no nothing. and you are responsible for everything on the property (taxes, etc...i think even maybe back taxes...but im not positive)

do you have a real estate lawyer or a mortgage broker? i would ask them.

You can get a house for pretty cheap that way, but you are not allowed to see it or inspect it or anything....you buy it just the way it is.

You could get lucky and it could be a great house or you could end up buying a money pit.

We dont hsve a real estate lawyer which we should prob look into.

we actually know the house so thats a good thing but inow im worried if i have to back pay taxes that would suckk

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Posted by little j

i could recommend you to our lawyer. he has been working with FHs family for about 10 years now. good guy.

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ohh thanks that would be great