Real estate auctions not always a good investment – KSL-TV
Real estate auctions not always a good investment
KSL-TV, UT - 18 hours ago
Revenues from home auctions have risen 47 percent since 2003 across the country. But, before you decide whether or not you want to buy real estate at an auction, there are a few things you should know.
KSL-TV, UT - 18 hours ago
Revenues from home auctions have risen 47 percent since 2003 across the country. But, before you decide whether or not you want to buy real estate at an auction, there are a few things you should know.
There are definitely some benefits to buying a foreclosed home at auction. Bank Foreclosure – REO attorney Tom Cook, with Lundberg and Associates, said, “Some people want to take a house that’s entirely run down because they want to make it their own.”
Plus, the buyer gets instant equity on the house. But Cook says these homes usually need a tremendous amount of work. “You can drive up and down most streets and see which houses are in foreclosure because they’re the houses that are run down,”
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Posted by Carlos Sagastume on August 6, 2008. Filed under HUD Homes.
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