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Updated about 5 years ago on . Most recent reply

Dan Hawker's profile image
Dan Hawker's profile image
Dan Hawker
  • Member since Sep 4, 2018
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Dan Hawker's profile image
Dan Hawker's profile image
Dan Hawker
  • Member since Sep 4, 2018
Connect
Dan Hawker
2
Votes |
5
Posts
Buying & Selling Real Estate

sales not updated on auditors website

Dan Hawker
Posted

I have noticed that when a bank(for example) buys a property at a sheriffs auction it doesn't get recorded on the auditors side until it get resold to an investor or other buyer. Is this common? 

Also why would a bank pay considerable more than the appraised value and higher than the ARV? Write off a bigger $ loss?

thanks

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