House Repossession Assistance » Auction

Q&A: I would like to put a house for sale –via an auction. Does anyone know a serious auction house in Canada?

admin — Sun, 01 Jan 2012 17:38:20 +0000

Question by s t: I would like to put a house for sale –via an auction. Does anyone know a serious auction house in Canada?
I am looking for a serious “auction house” in Quebec, Canada — the object is the sale of a heritage house in the Province of Quebec. Serious replies welcome.

Best answer:

Answer by liquidic311
eBay or eBay Canada

Seriously.

You don’t have to really “auction” your house off. You can just pay to list it on the eBay Real Estate section and let the millions of eBay users VIEW the house but not actually BID on it. It’s a great way to get TONS of people to see your house.

What do you think? Answer below!

Foreclosure Angel: Stranger Buys Foreclosed House at Auction and Gave it back to Owner!

admin — Sat, 03 Sep 2011 17:41:49 +0000

Foreclosure Angel A woman buys a stranger’s foreclosed home… and gives it back to her. If you want to know more about this angel contact her on facebook and send her a message here: www.facebook.com Marilyn Mock Says ‘People Need to Help Each Other’ By JONANN BRADY Tracy Pottsboro lost her job and then her home when she couldn’t make mortgage payments. On Saturday, she watched as her home was auctioned off in Dallas. “The final farewell to my house,” Pottsboro said. “It means so much to all of us. It’s not just a house.” Auctions on foreclosed houses are an opportunity for some and agony for those who’ve lost their homes. From July through September of this year, more than 2700 Americans lost their homes to foreclosure every day, according to The Associated Press. In Texas, almost 9200 homes entered the foreclosure process in September. On Saturday, Pottsboro took her seat among the crowd, waiting for house No. 73 to be called. Marilyn Mock, a small-business owner from Rockwall, Texas, had accompanied her son, who was interested in buying a house, to the auction that day. Mock was sitting near Pottsboro and noticed that she was upset. “She was crying, and I asked her what is she upset about, and you know, she lost her house,” Mock said. When the No. 73 came up and the auction began, Mock said she asked Pottsboro, “Is it worth it?” “She said yes. & I just kept taking her word,” Mock said. Mock ended up winning the auction, with a bid of about 000. And just like that …

Mayley’s Warcraft Auction House Mastery – Hd Video Gold Guide

admin — Sun, 15 May 2011 17:46:41 +0000

Mayley’s Warcraft Auction House Mastery – Hd Video Gold Guide
This is a hot new guide – That blows away the competition! Complete Video Gold Guide in Hd , amazing free content and sales page is our formula for high conversions. Our opt-in Newsletter will also capture your CB id to ensure comission.
Mayley’s Warcraft Auction House Mastery – Hd Video Gold Guide

House Clean Fast! eBook with Audio Version
A guide to the fastest, most efficient way to clean your house – guaranteed! Packed full of professional speed cleaning secrets.
House Clean Fast! eBook with Audio Version

CNN Open House Real Estate Auction Segment with George Cappony

admin — Sat, 25 Dec 2010 17:49:33 +0000

www.5-DaySale.com Use real estate auctions to sell your home fast; CNN Open House showcases one homeowner use the 5 Day Method or the fast action sale method to sell a home in 5 days.

Need A New Truck For Your Business? Try a Repossessed Cars Auction

admin — Thu, 23 Dec 2010 17:59:23 +0000

Need A New Truck For Your Business? Try a Repossessed Cars Auction

Need A New Truck For Your Business? Try a Repossessed Cars Auction

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Home Page > Automotive > Cars > Need A New Truck For Your Business? Try a Repossessed Cars Auction

Need A New Truck For Your Business? Try a Repossessed Cars Auction

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Posted: Oct 24, 2009 |Comments: 0
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If your looking to start a new business or just need a new truck to replace your tired-out old banger on it’s last feet to keep the company moving forwards, perhaps you should consider trying to get a new one at a repossessed cars auction.

The real advantage of attending these public auctions is that you can pick up real bargain cars and trucks. People I know have saved thousands of dollars on their nearly new truck and it’s really helped them get their business back on course.

Government agencies and banks are constantly repossessing properties and vehicles and if you know where to look for them you can get fantastic deals. You don’t have to be a rocket scientist to work out that with so many vehicles being repossessed, especially in the current economic climate, these agencies simply cannot afford nor have the manpower to store and manage these seized assets. They sell them off at public car auctions for ridiculously low prices so that they just recoup their costs, or even a small percentage of their costs.

The trick to picking up one of these true deals on wheels is to know when the local car auctions are taking place in your area. You could try the old traditional routes of calling many agencies or credit unions, but why bother when you can have all of the latest information handed to you on a plate. The best websites, and the one that I particularly recommend, do charge a small sign-up fee, but every single person that I have recommended the best site to has made their money back many times over when they have bought their dream car or new truck from their first or second auction.

Everywhere from Florida to Canada, if you need to inject some new life into your business with a new truck, I have no qualms about recommending the best repossessed cars information website there is.

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repossessed cars, car auctions, cars auction, bargain cars, cheap cars, government auctions

Picasso work top sale at record-breaking British auction

admin — Thu, 24 Jun 2010 17:43:03 +0000

Picasso work top sale at record-breaking British auction
A celebrated masterpiece by Pablo Picasso sold Wednesday at Christie’s auction house in London for 34.8 million pounds, in an auction that set a record for the amount of money made at a British art sale.
Read more on AFP via Yahoo! News

Artist’s open house sale for charity
A FUNDRAISING open house showcasing international greeting cards created by Bahrain-based British artist and illustrator Gill Goode will be held today.
Read more on Gulf Daily News

Buy Repossessed Houses at Auction

admin — Sat, 24 Apr 2010 20:42:05 +0000

The housing market is in crisis, estate agencies are closing hand over fist and unemployment’s rising. To top things off, hikes in the cost of living are making life very difficult for homeowners who stretched their finances too far when house prices were high.

But there’s a bright side to every story. The positive slant on this terrible situation is that there are an increasing number of opportunities for buying a repossessed house. If buying a home of your own has been an unreachable dream for the past decade, it might soon be a reality. Interest rates are at an all time low and mortgage rates should eventually follow. If you’re a first time buyer without a property to sell, the world’s your oyster… provided you can borrow the money.

Obviously there are advantages and disadvantages to buying a repossessed house or flat. The smoother you can make the process and the more pitfalls you can manage to avoid, the more successful your first step onto the property market will be.

Most people think auctions when they think about house repossessions. And that’s a good place to start. The USA has a database of repossessed homes but the UK doesn’t, and many UK house repossessions are sold at auction by lenders.

Household name auction house Allsops is an independent property consulting company with a solid reputation for residential property auctions. Probably the UK’s biggest, they sell around a billion pounds’ worth of homes a year at auction, spread across seven massive auctions a year with between 250 and 350 properties at each auction. A good choice if you feel safer dealing with a well known brand name. But there are also local property auctions in most major towns.

Estate Agents also sell repossessions, although they don’t always proclaim the fact. You’ll have to actually go in and ask. Another route into buying a repossessed house is to simply ask around the banks and building societies in the area you want to buy, personally. While they don’t openly advertise repossessions they need to sell the repossessions on their books and they’ll probably be happy to give you details. Another simple way to find repossessed homes for sale is check for announcements in the local papers. Offers are always publicised in case a better offer comes along, to ensure the best possible deal for the seller.

The internet has revolutionised buying repossessed houses. There’s a good choice of specialist online providers who collect together UK house repossession auctions in one place so you can search them effectively from one place, Repossessedhousesforsale.co.uk is one. They hold a database of UK auction properties including details of local auctioneers and auction dates, and provide links to online auction catalogues, property details and guide prices. A great way to save time.

Whichever route you arrive at an auction by buying a repossessed house at auction can save you a fortune in estate agency fees. But it’ll still cost you money and you need to be prepared.

The same as an ordinary house purchase, buying at auction requires a deposit. You’ll generally need to fork out 10% of the purchase price, which means you need to have a firm grip on exactly what you can bid based on how much cash deposit you can scrape together. You pay the deposit as soon as you’ve bought a property, before you leave the auction house.

After that you have 28 days to pay the balance, no excuses. Buying a repossessed house at auction is a legally binding contract and you can’t back out. Because the wheels of mortgage lenders tend to turn very, very slowly it’s wise to get your loan agreed before you go anywhere near an auction house.

In difficult times, auction mortgages are as rare as ordinary mortgages. There are fewer deals around and – perhaps unsurprisingly – nobody seems to be advertising auction-specific deals. The first port of call should be your bank. Provided you have a good relationship with them, they should be able to give you a very fast decision about whether or not they’d be prepared to lend the money to buy a repossessed house.

Once you know what your bank can or can’t offer, it’s a good idea to let a Mortgage Broker loose on your case. Independent brokers, unlike tied brokers, have access to the entire UK mortgage market and can trawl around to find you the best deal. And they know the lingo, which helps. A tip: remember to tell your broker that you want a mortgage specifically for buying a repossessed house at auction. He or she will co-ordinate your mortgage approval date with your chosen auction date so everything is ready in good time.

But what of the future?

Will we all be knee deep in low cost repossessed houses and flats for the next decade? Are property prices due to keep falling, or will they recover? Predictions are mixed.

Savills is another of the property big boys, a leading name in UK residential estate agency and commercial property. While they don’t auction repossessed houses they do a great deal of research into the housing market and their views are well respected. In an article published in The Times on 14th November 2008 Savill’s Head of Residential Research Yolande Barnes said,

“… the roots of Britain’s downturn lie in the credit crisis and the consequent withdrawal of funding by lenders… The UK housing market really is a different country: in the US as many as one home-owning household in 16 has defaulted on its mortgage or faces repossession, compared with fewer than one in 200 in Britain. To predict that the UK housing market will fall by 40 per cent and remain at these new, corrected levels is to ignore the role of finite supply and the use of equity.” In other words, don’t be fooled by all the doom and gloom.

Sadly Yolande seems to be swimming against a pessimistic tide. The majority of experts insist that the housing market is broken, and will remain so for the foreseeable future. It appears that things could swing either way. Whoever’s right, it doesn’t change the fact that buying a repossessed a repossessed house, in today’s market, can net you an excellent deal. Provided you can find the finance!

Mark Jenkins is a writer for HouseRepossession.co.uk. Independent guidance on all aspects of home repossession, remortgages, debt consolidation, buying repossessed homes.

Sinclair Meadows lots sold in foreclosure auction

admin — Thu, 22 Apr 2010 22:00:21 +0000

Sinclair Meadows lots sold in foreclosure auction
An undeveloped 17-lot free-market subdivision in Snowmass Village with a colorful history was sold at foreclosure auction last Wednesday for $12 million, to the bank that held the debt on it. read more

The All-New Real Estate Foreclosure, Short-Selling, Underwater, Property Auction, Positive Cash Flow Book: Your Ultimate Guide to Making Money in a Crashing Market

admin — Thu, 15 Apr 2010 20:46:55 +0000

ISBN13: 9780470455869
Condition: NEW
Notes: Brand New from Publisher. No Remainder Mark.

Product Description
Praise for How to Sell Your Home Without a Broker “On a scale of 1 to 10, this book is a 10.”
—Robert Bruss Jump into the real estate game—and win big! Home values are crashing and foreclosures are way up. You might think this is a terrible time to get into the real estate market—but you’d be wrong! A crashing real estate market offers plenty of opportunity to profit, if you know how to change your strategy and … More >>

The All-New Real Estate Foreclosure, Short-Selling, Underwater, Property Auction, Positive Cash Flow Book: Your Ultimate Guide to Making Money in a Crashing Market

The Pre-Foreclosure Property Investor’s Kit: How to Make Money Buying Distressed Real Estate — Before the Public Auction

admin — Tue, 16 Mar 2010 20:45:15 +0000

ISBN13: 9780471692799
Condition: NEW
Notes: Brand New from Publisher. No Remainder Mark.

Product Description
Pre-foreclosure real estate is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investor?s Kit offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. You?ll learn how to get the best deals on foreclosure properties before they go to auction and utilize simple ready-made worksheets, checklis… More >>

The Pre-Foreclosure Property Investor’s Kit: How to Make Money Buying Distressed Real Estate — Before the Public Auction