In an open auction, parties come together at a physical location or an online exchange to bid on assets. An interested party is aware of the competing bid amounts and continues to raise their bid until they are either declared the winner of the auction (i.e., they submitted the last hig...
Dunn, Sam
Any possible valuation inconsistencies will likely cause investors to shy away from purchasing the mortgage, leaving the bank or lender with a vacant property and a major loss if the property declines in value. Even Donald Trump could agree to buy a shack andfail to obtain a mortgagebecause the...
Purchasing a foreclosed home in Pennsylvania can have both pros and cons. While there is an opportunity to purchase a good home for a great price, you may also be purchasing a money pit; especially if the home is bought at a sheriff's auction where it is purchased "as is". However, i...
The trick is properly forecasting when inflation will roll over, how quickly, and for how long. Further, you need to pay attention to your liquidity needs. If you plan to buy a house in three years, locking up your downpayment in a 10-year Treasury bond may not the best move. ...
In real estate, if a foreclosure is sold at a lender confirmation auction, the highest bidder does not necessarily win. The individual with the winning bid must not only have the money to spend but must also be vetted and accepted by whoever is holding the mortgage, be it a bank or the...
An abandoned house is a property that’s no longer occupied by its homeowners. Here’s what to know about buying one.
If the house doesn't sell at auction, the bank takes possession of the property and sells it to traditional home buyers or real estate investors. A home can also become bank-owned if the lender accepts a deed in lieu of foreclosure. Mortgage loans from our partners Best Mortgage Lenders Fi...
Power of sale:A power of sale foreclosure is allowed in some states if your mortgage has a power of sale clause in the contract. Once you fall behind on your payments, your mortgage provider is allowed to put the house up for auction. A power of sale foreclosure is considered a non-jud...
While buyers search forhow to win a bidding war, home sellers should understand how to handle one. Two questions real estate agents are often asked are, “How do I handle multiple offers on my home?” or “How do I deal with a bidding war on my house?” ...