BUYING HOUSES ON AUCTION.COM | AREN 107

This week we sit down with Tim Johnson from Auction.com. Auction.com is the nation's largest marketplace for distressed properties. Tim discusses the process of buying a home on Auction.com and what you can expect throughout the process. He also shares some due diligence items you should look into when purchasing homes sometimes sight unseen.
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[@timjohnson5555]

edit....NC is a "Non-Judicial State". In North Carolina, most residential foreclosures are nonjudicial. This typically means the lender can foreclose without going to court so long as the deed of trust contains a power of sale clause. Though, North Carolina nonjudicial foreclosures usually involve one court hearing

[@joseporelmundo5514]

You forgot to mention that the Bank is also allowed to bid and always bid way higher to keep the property

[@Avsbk]

he just shared his experience, he is not answering to any question. just killed 38 minutes, he didn't share anything important.

[@johnathansawyer8736]

GREAT STUFF! Thanks so much for posting this.

[@joseporelmundo5514]

Listed agent never want to show you the property they tell you to find you an agent

[@jerrickcampbell3171]

Thank you so much for this interview

[@Themachineincmarte]

Thank you 🙏🏼 🙏🏼🙏🏼🙏🏼 for the information ℹ️

[@Twenty3TC]

Thanks for the information.

[@goodmorningfamily7051]

Thank you 🙏🏿 🕊.

[@myd0gr3x]

a Title Abstract should be attached to every property description, otherwise the Auction isn't actually selling a property, it's selling a liability...

[@stayfocusedmedia]

Great video

[@keyoneemadison996]

How do you find out what the reserve is and how to find out what ALL the closing cost are?

[@fulana3456]

Listening for 5 minutes already and didn't say anything

[@RiverSLV]

Fantastic

[@stayfocusedmedia]

Damn good questions

[@lukelavelle6670]

That's a really shitty "firewall" for people like me, low income trying to just get up. Looks like I'm looking elsewhere

[@andrewramirez1286]

So do you get your $2500 back ? And what do you mean you tender the 5% or the line at

[@mikewhite9818]

If

[@angelrobinson2967]

Question, the total cost of the home will be the amount you bid on at auction? Or would it be the estimated resale value ?

[@stayfocusedmedia]

What about Illinois?