Auction Risk

NEW -> Contingent Buyer Assistance Program
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hunter_IHB

New member
Irvine housing market is not bottomed yet, still long way to go. Seems like a better alternative is to go into one of the auctions and get a good deal out of it. Can anyone explain the risks associated with auctions? What one needs to be awared of before going there? Thanks.
 
OMG! Is there some conspiracy to try to make me go insane? This is not a real question, is it? Is the search button broken? Ipo... is that you? Are you all trying to unleash the bear? You know I am <em>this</em> close to going back to myself.



Okay, hunter, try the search function. If it doesn't work for you, then you agree to let me go back to my old ways, okay?
 
hunter, please read through the <a href="http://www.irvinehousingblog.com/forums/viewthread/346/">Foreclosure Thread</a> that graphrix created and which has been stickied. It should answer your questions.
 
Sorry, Guys! I am new to the blog. I've briefly read the Forclosure Thread this morning. But it doesn't seem to mention how I can check the property details (such as # of bedrooms, baths, sqaure footage, etc)for the properties being auctioned. Is there any website I can look into? How about the lien and loan history? I know you've mentioned about recorder's office. Do I have to go the office in person to obtain all the info? It seems to me that as long as you have enough cash to bid, and as long as the title of the house is clean, and if the house is fairly new, then the risk is very small? Am I missing anything here? Thanks.
 
[quote author="hunter" date=1242787663]Sorry, Guys! I am new to the blog. I've briefly read the Forclosure Thread this morning. But it doesn't seem to mention how I can check the property details (such as # of bedrooms, baths, sqaure footage, etc)for the properties being auctioned. Is there any website I can look into? How about the lien and loan history? I know you've mentioned about recorder's office. Do I have to go the office in person to obtain all the info? It seems to me that as long as you have enough cash to bid, and as long as the title of the house is clean, and if the house is fairly new, then the risk is very small? Am I missing anything here? Thanks.</blockquote>


Don't worry about it Hunter. Any of those folks with over a thousand posts are grouchy and a bit nutty to boot.
 
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