Foreclosure Auctions

The number of bank owned homes has skyrocketed in the last few years. With so much inventory it has become important for banks and corporate owners to come up with alternative methods to selling homes other than just on the MLS. Amy Bates, SVP of Marketing at Williams & Williams Auctions, one of the premier auction companies in the country, shared with us the inside information on how auctions work.

Amy explained the whole process and benefits of buying homes post-foreclosure at the auction including...

• The ability to inspect the property during an open house well before the auction.
• The property has already gone through the foreclosure process and title has been cleared.
• You have 30 days after an accepted offer to close on the property
• Auctions can lead to competitive prices for buyers to pick up good deals.
• With a large reputable firm you have confidence in the purchase process

If you would like more information Williams & Williams auctions visit http://www.williamsauction.com or to watch a real auction live online check out http://www.auctionnetwork.com

Listener Mail

"I need to find affordable insurance for a house I'm buying to rehab and flip, something that will at least cover the structure. How do you guys do it?" - Dave in Toledo