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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Are they going to keep doing them? Posted by JK (the other JK) on June 26, 2011 at 12:18 AM In Reply to: Are they going to keep doing them? posted by BIG on June 26, 2011 at 9:36 AM : : Any thoughts on this? It doesnt seem like it could actually be a trustee sale. A few questions- : : -Why are trustee sales usually held at the courthouse steps? Why not usually someplace else? : : -Is the sale final or not at auction.com "trustee sales"? I have heard that there are shill bidders, loud music, lots of distractions. If no one buys the property, does it go back to the bank to become a bank owned REO or does it go to another "Trustee Sale" at the next auction.com auction. : : -What is the definition of a trustee sale, what elements need to exist to be a trustee sale? : : To me you need- : : A bank files a default, then files a notice of trustee sale. On auction day, the sale can take place or not take place. If the sale takes place, it is final. The results of a sale that takes place could be -sold to 3rd party or sold to beneficiary : : Any thougths appreciated : This is going to kill the business. I looked over some sales and it seems people have OVER payed bigtme : on make of the houses that have gone using auction.com. It's not going to KILL the business. Stupid money ALWAYS gets dried up because stupid money cannot resale for a profit. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Any thoughts on this? It doesnt seem like it could actually be a trustee sale. A few questions- : : : -Why are trustee sales usually held at the courthouse steps? Why not usually someplace else? : : : -Is the sale final or not at auction.com "trustee sales"? I have heard that there are shill bidders, loud music, lots of distractions. If no one buys the property, does it go back to the bank to become a bank owned REO or does it go to another "Trustee Sale" at the next auction.com auction. : : : -What is the definition of a trustee sale, what elements need to exist to be a trustee sale? : : : To me you need- : : : A bank files a default, then files a notice of trustee sale. On auction day, the sale can take place or not take place. If the sale takes place, it is final. The results of a sale that takes place could be -sold to 3rd party or sold to beneficiary : : : Any thougths appreciated : : This is going to kill the business. I looked over some sales and it seems people have OVER payed bigtme : : on make of the houses that have gone using auction.com. : It's not going to KILL the business. Stupid money ALWAYS gets dried up because stupid money cannot resale for a profit. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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