Updated about 10 years ago on . Most recent reply
Who has experience buying REO from auction.com
who has experience buying REO's from auction.com. The good the bad the ugly?? I'm looking at one in my area with an opening bid of $5000. I've reviewed all the county documents, liens, etc. this appears to be the 1st position foreclosing. They state all taxes are paid up. This is my first on auction.com. Question, am I bidding on buying the property at high bid is it, or is the a bid to assume the mortgage that is $70k? Also, once it's an REO it has to be clear title right? Do they offer title insurance? Any info would be great. Thanks