Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 17 years ago on . Most recent reply

User Stats

74
Posts
3
Votes
Bruce M.
  • Canyon Lake, TX
3
Votes |
74
Posts

At the auction

Bruce M.
  • Canyon Lake, TX
Posted

So, there you are at trustee auction. Is it reasonable to expect that the starting bid will be low, given the housing market?

If you do bid, and win, are your really expected to just hand the person at the court house steps cashiers checks which are equivalent to cash? I mean, at the last trustee auction I went to, the "guy" was wearing faded jeans and t-shirt. He was not that personable and if I saw him I the street, I would avoid him. It seems like a hell of a leap of faith that is required. Isn't there a better alternative, such as contacting the trustee prior to the sale and working out something......is this done?

Thanks, :lol:

Loading replies...