Auction.com Questions & Answers

Question 1

Question:

I am about to close on a property that i won at auction.com the title company is 'linear title & closing' who is asking me to wire the entire transaction which is around $31000/ (including $2500 emd). they said that one i wire the money and the funds are cleared they will forward my case to auction.com who will contact me as how to get the possession/key of the property. i am not feeling comfortable wiring them entire not knowing when and how i will be getting the possession to the property. any feedback? I am about to close on a property that i won at auction.com the title company is 'linear title & closing' who is asking me to wire the entire transaction which is around $31000/ (including $2500 emd). they said that one i wire the money and the funds are cleared they will forward my case to auction.com who will contact me as how to get the possession/key of the property. i am not feeling comfortable wiring them entire not knowing when and how i will be getting the possession to the property. any feedback?

Answer · 2019-09-27T10:15Z

Answer:

Once the house has been paid in full I would enter even if I had to call a locksmith... or a "rock"smith.

By randolph t. over a year old

Question 2

Question:

Why is 181 atlantic st, bridgeton, nj 08302 is being bid on and off for almost a year? Why is 181 atlantic st, bridgeton, nj 08302 is being bid on and off for almost a year?

Answer · 2016-04-02T06:20Z

Answer:

Same question that I have

By Mui P. over a year old

Question 3

Question:

If i win a bid on a house for $15000., and i have a $30000. line on my credit card, can i pay for the house with my card? If i win a bid on a house for $15000., and i have a $30000. line on my credit card, can i pay for the house with my card?

Answer · 2016-03-23T12:47Z

Depends. Usually if it is a foreclosure bid they want the money in cash. A lot of auctions only take cash only.

Question 4

Question:

Do these properties have clear titles if there are judgements against them?

Answer · 2020-04-27T08:29Z

You would NOT have a clear/marketable title for a property if there are liens or judgments or rights of redemption recorded against the property. You would have to satisfy all of the above in order to obtain or convey clear title.

Question 5

Question:

So my fiancé and i recently went to put in a bid on a house through a reo realtor. we went through all the proper steps to seriously purchasing this home, from completing all the proper steps with the mortgage as well as housing classes. we made a lower offer on the house, and we assumed we would get a counter offer back. however the realtor contacted us to let us know that chase bank would not even look at the offer bc it was now listed on auction.com. i planned on trying to purchase the home from there and realized it is a cash only purchase. i asked my realtor and she agreed it now has to be a cash only purchase. i am at a loss. my husband and i agreed to give chase bank the asking price bc me and my husband was approved for the loan and the bank as well as us know the property has had some water damage. which on auction.com didn't disclose until i complained. i live in a small rural area and this property would never sell as a cash only property and if it did they would never get what they were asking for it. please help! me and my husband are in love with this home and desperately want to give the bank what they were asking for the property what if anything could i do without dealing with auction.com. i have asked the realtor to submit an offer and she says it does no good i have also asked the bank for cash for the mortgage and that didn't work out. me and my husband are desperate if anyone can help us i would greatly appreciate it So my fiancé and i recently went to put in a bid on a house through a reo realtor. we went through all the proper steps to seriously purchasing this home, from completing all the proper steps with the mortgage as well as housing classes. we made a lower offer on the house, and we assumed we would get a counter offer back. however the realtor contacted us to let us know that chase bank would not even look at the offer bc it was now listed on auction.com. i planned on trying to purchase the home from there and realized it is a cash only purchase. i asked my realtor and she agreed it now has to be a cash only purchase. i am at a loss. my husband and i agreed to give chase bank the asking price bc me and my husband was approved for the loan and the bank as well as us know the property has had some water damage. which on auction.com didn't disclose until i complained. i live in a small rural area and this property would never sell as a cash only property and if it did they would never get what they were asking for it. please help! me and my husband are in love with this home and desperately want to give the bank what they were asking for the property what if anything could i do without dealing with auction.com. i have asked the realtor to submit an offer and she says it does no good i have also asked the bank for cash for the mortgage and that didn't work out. me and my husband are desperate if anyone can help us i would greatly appreciate it

Answer · 2016-02-22T05:28Z

It sounds like you may have been making an offer on a short sale possibly? Contact the bank directly yourself and see if the home is in foreclosure or already bank owned. Auction.com often "lists" properties that may not go to auction as owners are working on modifications and the foreclosure trustee does not update Auction.com.

Question 6

Question:

Want to bid on houses cash how do i find out if they have any liens or back taxes on them. Want to bid on houses cash how do i find out if they have any liens or back taxes on them.

Answer · 2015-08-28T09:54Z

Do a title search from a title comoany or go to the county recorder and look it up yourself

Question 7

Question:

Q: do you have a complete process document that i can get a copy of. i need to understand how your system with schedules, dates, deposits and other payments work. i see from the reviews that a lot of folks were finding out things as they went along and were not aware of how your business works. Q: do you have a complete process document that i can get a copy of. i need to understand how your system with schedules, dates, deposits and other payments work. i see from the reviews that a lot of folks were finding out things as they went along and were not aware of how your business works.

Answer · 2015-10-04T08:38Z

You will not find out everything ahead of time. Much of what you will learn happens after you have agreed to buy house. Reread all the reviews. Each one is correct based on my experience.

Question 8

Question:

Do you have a complete process document that i can get a copy of. i need to understand how your system with schedules, dates, deposits and other payments work. i see from the reviews that a lot of folks were finding out things as they went along and were not aware of how your business works. Do you have a complete process document that i can get a copy of. i need to understand how your system with schedules, dates, deposits and other payments work. i see from the reviews that a lot of folks were finding out things as they went along and were not aware of how your business works.

Answer · 2015-08-19T09:15Z

It was my experience that they want you to electronically sign documents BEFORE you can review them, I advise you to call 35 times like I had too to get someone to give me a pdf file of the contract first. I found that fee's were extremely inflated and had to get my attorney top write an email to get deposit monies back. The realty person involved didn't know her $#*! from her elbow about this process. BEWARE!

Auction.com Questions & Answers

Why is 181 atlantic st, bridgeton, nj 08302 is being bid on and off for almost a year? Why is 181 atlantic st, bridgeton, nj 08302 is being bid on and off for almost a year?

If i win a bid on a house for $15000., and i have a $30000. line on my credit card, can i pay for the house with my card? If i win a bid on a house for $15000., and i have a $30000. line on my credit card, can i pay for the house with my card?

Do these properties have clear titles if there are judgements against them?

Want to bid on houses cash how do i find out if they have any liens or back taxes on them. Want to bid on houses cash how do i find out if they have any liens or back taxes on them.

I trying to get on auction from 50 northam road amston ct

"i've been trying to sell my coins since the day before yesterday but they can't be sold it keeps on saying, "can not sale during auction "even if it'

Can’t see your question? Ask to get answers from the Auction.com staff and other customers.

Auction.com Questions & Answers

Why is 181 atlantic st, bridgeton, nj 08302 is being bid on and off for almost a year? Why is 181 atlantic st, bridgeton, nj 08302 is being bid on and off for almost a year?

If i win a bid on a house for $15000., and i have a $30000. line on my credit card, can i pay for the house with my card? If i win a bid on a house for $15000., and i have a $30000. line on my credit card, can i pay for the house with my card?

Do these properties have clear titles if there are judgements against them? Do these properties have clear titles if there are judgements against them?

Want to bid on houses cash how do i find out if they have any liens or back taxes on them. Want to bid on houses cash how do i find out if they have any liens or back taxes on them.

I trying to get on auction from 50 northam road amston ct

"i've been trying to sell my coins since the day before yesterday but they can't be sold it keeps on saying, "can not sale during auction "even if it'

Can’t see your question? Ask to get answers from the Auction.com staff and other customers.

Do these properties have clear titles if there are judgements against them?