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Updated almost 12 years ago on . Most recent reply

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Jose Sison
  • Investor
  • Annandale, VA
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Property going to auction

Jose Sison
  • Investor
  • Annandale, VA
Posted

I have a property I was trying to get under contract from a seller who has an auction date set for later this month.

Is it normal for the bank to send an appraiser out to look at the property before the auction date?

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

An appraiser, no.  Do hey have some idea of the value and may set a market price reserve, yes.

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