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Foreclosures
HomeForumsForeclosuresNewbie risk of bidding on an occupied REO?
Chris Kraemer's profile image
Chris Kraemer's profile image
Chris Kraemer
  • from Midlothian, Texas
  • Member since Mar 19, 2017
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Chris Kraemer's profile image
Chris Kraemer's profile image
Chris Kraemer
  • from Midlothian, Texas
  • Member since Mar 19, 2017
Connect
Chris Kraemer
  • Midlothian, TX
9
Votes |
42
Posts
Foreclosures

Newbie risk of bidding on an occupied REO?

Chris Kraemer
  • Midlothian, TX
Posted Aug 16 2017, 16:39

There is an REO auction for an occupied 2010 property that looks perfect on the outside

Market value 180K

Suggested bid 130K

Last time an auction house in this area went for the suggested price and the CMA is accurate.

As a newbie, what are my risks of getting this occupied property?

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