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Updated about 9 years ago on . Most recent reply

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28
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5
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Sterling Britt
  • Investor
  • FRANKLIN, TN
5
Votes |
28
Posts

Direct mail to owners of properties listed on auction. Com

Sterling Britt
  • Investor
  • FRANKLIN, TN
Posted

In my area all the courthouse steps auctions are listed on Auction.com. Having attended a couple of the auctions I see that almost none come up for actual live auction. Has anyone tried contacting the owners of these properties before the auction date to offer them a fast cash sale?

Most Popular Reply

Account Closed#1 BiggerPockets Exclusive PRO Area Contributor
  • Professional Auctioneer
  • Baltimore, MD
1,470
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1,857
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Account Closed#1 BiggerPockets Exclusive PRO Area Contributor
  • Professional Auctioneer
  • Baltimore, MD
Replied

Often times, the seller will stop the auction by pay up the back payments or filing bankruptcy.

  • Sure, find the owner of the property and try to negotiate a deal.
  • Be aware of any foreclosures laws in your area, you may want to be arms length , that is get and agent to represent you.
  • What you are suggesting is Pro-Active, get out there find the problem and solve it.
  • When you do you will make money in this business

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