Any pointers for trying to buy a TRUE estate short Dutch auction?
Answers:
You WILL be dealing near the Lender because they hold to APPROVE the short Dutch auction, time of year.
And if you want to turn this route be prepare for a s l o w closing because various times the board that meet to approve these things singular meet once a month or so and later they can counter tender taking more time.
The routine is impossible to tell apart as a run of the mill sell/purchase if within is an agent you promise beside the agent, as usual, and find your financing etc. The solitary difference is that it is the LENDER's outcome on accepting the hold out or not.
get a advocate, and find out WHY it's a short public sale.
I am told it is best to concordat near the owner, not the mortgage holder. The owner have some from the heart interest in the situation and will matter, the mortgage company is only as relaxed to throw the delinquent out on the street and stir for full price.