Real Estate Auction Warning
Think being the highest bidder at a real estate auction means you've won? Think again...
Think being the highest bidder at a real estate auction means you’ve won? Think again… Most property sold at heavily advertised public auctions is subject to lender approval, so if your winning bid isn’t high enough, the lender can try to get you to pay more, or simply refuse to sell.
Subscribe by email
Like this article? Sign up for our email updates and we’ll send you a regular digest of our newest stories, full of money saving tips and advice, free! We’ll also email you a PDF of Stacy Johnson’s ’205 Ways to Save Money’ as soon as you’ve subscribed. It’s full of great tips that’ll help you save a ton of extra cash. It doesn’t cost a dime, so why wait? Click here to sign up now.
This story is linked to with a thumbnail of 'g1' by Flickr user propertysnaps.