Sheriff Sales - REO Property Preservation Forum
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post #1 of 3 (permalink) Old 08-17-2017, 07:43 AM Thread Starter
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Sheriff Sales

Hey guys,
Never bothered to go to a Sheriff sale. There's a house I'd like to get for a rental. It's pretty abused with some nice exit damage, but all in all not a bad house. I think fixed it would be worth 175K. It'd take around 10 to fix it. Judgment amount is 80ish.

How do these things work? Is it like a live auction? do you have to be there? Is it held on site?How do they determine where bidding starts? How do they determine lowest value they'll let go for?.... I am embarrassingly clueless on the subject. eek

Guess I could call the Sheriff for answers....but this forum I once loved is about dead. Need something to light it up other than, "I signed with XYZ and got screwed PDQ".
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post #2 of 3 (permalink) Old 08-17-2017, 03:33 PM
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I'm guessing it varies from county to county,

I have seen them sold on the court house steps,

the listing should have the details you are looking for, min sale price, starting bid, etc

Stay away from fools, for you won't find knowledge on their lips.
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post #3 of 3 (permalink) Old 08-17-2017, 05:48 PM
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In my area you have to be there.
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