Do towns really auction stale houses for of late the amount of stern taxes owed by the owner?
I've hear of places doing this but but I don't see how or why they would do this. Esp when some nation merely owe 5k-10k.
If this is true, I individually can't see selling a 100k house for 5k.
Answers:
yes
but does it transpire often
no
why ?
because foreclosures are public record
so at the auction populace WILL show up to bid on a property cheap
and they will drive up the price
eventually at a pretty fully clad but still below current bazaar significance, price
purely close to eBay.. too doomed to failure nearby is no bid sniping in authentic natural life
The towns will try and auction stale the house for as much as they can gain for it.
The houses as auction usually budge for much more than the taxes due, unless they are falling down.
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If this is true, I individually can't see selling a 100k house for 5k.
Answers:
yes
but does it transpire often
no
why ?
because foreclosures are public record
so at the auction populace WILL show up to bid on a property cheap
and they will drive up the price
eventually at a pretty fully clad but still below current bazaar significance, price
purely close to eBay.. too doomed to failure nearby is no bid sniping in authentic natural life
The towns will try and auction stale the house for as much as they can gain for it.
The houses as auction usually budge for much more than the taxes due, unless they are falling down.