Homes with Auction dates

4 posts by 3 users

Medium 1399665104 avatar ngabriel Nichole Gabriel
Interior Designer/Home Stager from Dallas, GA
202 Posts
8 Votes
2 Awards

Nichole Gabriel

Interior Designer/Home Stager from Dallas, Georgia

Feb 05 '13, 09:00 PM


Quick question: Say a home was schedule to be sold at auction, Does that necessarily mean that it WAS sold? or can it still be available? In other words, what happens when a bank, or county, puts up a house for auction and it doesn't go?



Medium 1399649407 avatar cirrusav8or Brian Burke
Real Estate Investor / Syndicator from Santa Rosa, CA
1192 Posts
1668 Votes
11 Awards

Brian Burke Verified

Real Estate Investor / Syndicator from Santa Rosa, California

Feb 05 '13, 09:28 PM


Typically it would either sell, or it could have postponed to a future date, but it is also possible that the auction canceled, either because the loan paid current, the property sold (short sale or equity sale), or the lender decided to wait for some reason (there are many reasons) and republish the sale again later.



Medium praxis capital logo cmyk stacked 900pxBrian Burke, Praxis Capital, Inc.
E-Mail: [email protected]
Website: http://www.PraxCap.com


Medium 1399663995 avatar bannister700 William Bannister
Commercial Landlord from Oshkosh, WI
300 Posts
79 Votes
1 Award

William Bannister

Commercial Landlord from Oshkosh, Wisconsin

Feb 05 '13, 09:45 PM


A lot of reasons is correct as Brian says. courts can drag it out in divorce, death or bankruptcy and keep property from being sold. you name it even title problems can pop up for a bank.
You could call the court and ask why the sale was postponed. They might tell you.



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