How Does It Work??
I was wondering if somebody could help me. I dont know enough about this to even get started.let say that there is a house up for sheriff sale and it has a 5300 price listed.What does that mean? Is that the starting bib price? I seen one on the net and was interested in seeing how i could buy it .I know that isnt much to go on but if you could give me some idea of how to go about getting started
would be helpfull. redman
Go to the Sheriffs Department, find out when the sale is and attend the sale.
OR
If there is a sale before, go to that, just to see how it works!
(after doing all the research on the property as the above pros mentioned).
Hope This Helps!
Mrs. Meltzer
There is an old adage "If it seems too good to be true, it probably isn't."
The foreclosure laws and customs may differ from state to state. In the case of a $5,300 foreclosure sale, this might be a junior lien, so it's good to know what is being exposed to Sale.
As said above...It could be a great deal, but be sure to do your due dilligence so that you don't end up with a property that you wouldn't have wanted had you gotten it for free.