Real Estate Auction Warning

Think being the highest bidder at a real estate auction means you've won? Think again...

Real Estate Auction Warning Photo (cc) by propertysnaps

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.

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