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Updated about 9 years ago on . Most recent reply

User Stats

32
Posts
3
Votes
Sohail Ahmed
  • Architect
  • Keller, TX
3
Votes |
32
Posts

Auction property

Sohail Ahmed
  • Architect
  • Keller, TX
Posted

I have an auction.com property under contract. The property is currently occupied. My closing was scheduled for Aug. 29th. But the bank has not sent the executed deed to the closing company. I have called auction.com several time to find out about the status of the deed but have not received a definite answer. I have a few questions about this deal:

  1. What are my options? 
  2. Can I cancel the contract and receive full refund of my earnest money? 
  3. Is it a good idea to buy occupied auction property without inspecting it first?

Most Popular Reply

User Stats

2,396
Posts
1,747
Votes
Brandon L.
  • Real Estate Agent
  • Falls Church
1,747
Votes |
2,396
Posts
Brandon L.
  • Real Estate Agent
  • Falls Church
Replied

@Sohail Ahmed was the deal not so great? If the money is right a little waiting never hurts. Good luck with the next one.

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