Auction Knowledge Base
auction...? im a first time buyer and thinking of buyin my first home at auction. i dont have the money to buy it so i want to take a mortage out on it how do i do this?
How do you start up your very own auction website? As any computer user would know, eBay is the most successful auction website on Earth. But what I was wondering was this: How does one person start up an auction site on the internet and let people buy, sell, trade and auction items to each other and profit from that? What do you need to do to create and build your very own auction site and even sell and/or auction your items to all those desparate customers waiting for an item that they really need? Do you need to a credit card bank account for that? Can you accept the money paid for an item as cheques? Do you have to pay for the packaging and delivery as well just to get that item to the customer who really bought it? Please, if there is any one who is a profound expert at this online auction business, tell me how to do it! I am extremely curious about this!
How do you research a car auction? I have a question currently about auctions. I have been reading some information since I put it on here to see what other people have already said. People have said research, find out about the cars before you go to an auction, etc. That is the problem, I don't know how to find an auction to do the research on it or on cars that I think I may be interested in. How do I do that part? Finding the auction, doing the research on the car(s) I am interested in and doing the research on ther auction it self? Thanks.
Regardless of who hold auctions, is the winning bid real the total cost of buying a house from the auction? I see these newspaper articles about real estate auctions. There are the regular county auctions (sheriffs auctions) that real estate companies buy to sell for profit later at their own house auctions. Regardless of who hold auctions, is the winning bid real the total cost of buying a house from the auction? Can you buy a house from an auction for say few thousands dollars? I can't google the real estate buying process. Where I can learn about the process of buying houses?
Antique auction house has not pay the sale proceeds of my furniture? Last summer I sold many antique furniture through an auction house in London, but I have not yet received a payment of the sale proceeds despite my repeated letters and telephone calls. Where should I go now? I am living abroad and the auction house might be taking advantage of it.
Anyone know have any good ideas for silent auction donations for a fundraising event? I am a volunteer for Habitat for Humanity and we are having a silent auction and live auction to raise money to start our next house. We are getting the usual donations - gift certificates for restaurants, hair styling salons, etc., but would really like to have something different and exciting. Any ideas? Another note - our guidelines say that we have to stay within our county when soliciting donations so as not to encroach on other affiliates. Some of your ideas were really good, but they involve contacting groups outside of our area.
What item should celebs autograph for charity auction? I'm working on an auction to raise funds for the local animal rescue. I know that a rescue once sent wooden cutouts of dog bones to celebrities and had them decorate/sign them. They had an amazing turn out. What is something we can do of that nature (that is not copying their idea) to raise some money? We just need a creative idea of something that could be mailed to celebrities that they could sign/decorate/make their own.
What happens if a home forecloses and the auction only pays off the first mortgage and not the second? Will the second mortgage holders come after you or be able to put something (other than a foreclosure) on your credit like a judgement? Would they be ale to garnish wages or do anything crazy like that in the future? The reason for two loans was a first and second (100% loan) was used to purchase the home. The value dropped and the foreclosure auction will only be enough to cover the first mortgage and part of the second. If you could site any websites that show these types of laws it would be appreciated. Thanks. Oh and real examples would be great. I've heard many people say yes they can come after you, but of those that have actually been foreclosed on I've yet to hear one of them tell me an actual horror story. This could be because many second lien holders use fear to get some people to pay them money and salvage some of their loss. coragryph, keep in mind the 2nd was used as purchase money, so it was not a 2nd mortgage that was "taken out". Also, have you actually heard of this happen or only studied it? Thats what i'm finding out, that most lenders don't go through with that, as they end up getting nothing after spending all the money to legally fight it and most individuals could file BK to avoid it.
How do you make a 24 hour auction on eBay? I've heard alot of people talk about how there "24 hour auction" on ebay went very well, but when I try to sell an item, the lowest I can go to is 3 day auctions. Please tell em how to do a 24 hour auction, and you'll get 10 points!
How do I pay for a home purchased at a foreclosure auction? In my county (Fulton County, Georgia), when a home is auctioned off for tax reasons, payment must be made within an hour of the auction close. The payment must be made in cash or certified funds. How would I pay for a home purchased as a bank foreclosure? Same? It seems difficult to show up with hundreds of thousands of dollars in cash.
When is the best time of the year to buy a car at an auction? I know that auctions are happening all the time, all year round, but when is the best time to find great deals a.k.a. "steals" at auto auctions? Are you more likely to find better deals at specific kinds of auctions (like police auction auctions where they sell cars by drug dealers, etc.) during certain times of the year? Basically, when do auto auctions have their largest inventory making it the perfect situation to find a great deal?
Should I sell a home using an auction? I want to sell a home fast and an auction seems the best route. I know they get about 10% compared to 7% for realtors. But homes sold by auction usually sell for more than through the regular selling way or less.
How to delay the trustee sale a few days before auction? The home is up for trustee sale auction in a few days. We have faxed a loan modification packet to the lender. What else can I do to make sure that the auction gets delayed. The home is up for trustee sale auction (in CA) in a few days. We have faxed a loan modification packet to the lender. What else can I do to make sure that the auction gets delayed.
Really good auction site that is free to post? I REALLY want to find a auction site that is completely free and I can auction off something, I want one people actually go to and people don't get scammed. If you could give me a list by popularity I would greatly appreciate, 10 pts best answer.
What steps do I need to take before having a silent auction? I want to have a silent auction for a fundraiser that I am holding. I think I might have to go to city hall and get some papers saying I can ask businesses for donations. If I do need to I don't know if I should go to city hall or just write city hall a letter. I'm not sure about what kind of tax reports I'm going to have to make either? PLZ help!!!!
Are cars at an Insurance Auto Auction repaired before being sold to the public? hi im planning on buying a car from a local Insurance Auto Auction. I know that the vehicle is a salvage title and the pictures they have shown are the pictures of the cars damage, but i wanted to know if they repair the car before they put it up for bidding or do they sell the car damaged and the buyer has to repair the car. THANKS
What is the best way of getting donations for a silent auction? I am the event co-chair for a Canadian children's charity and we are having a fundraiser on April 29th. One of my "jobs" is to obtain as many silent auction items as possible. I have hit up a number of big companies but it seems that unless you have an "in", they don't really want to help out. I would appreciate any advice. Thanks!
How can I get a mortgage on a property bought at auction? I would like to look into buying a property at auction as I am a first time buyer, unable to get a foot on the housing ladder. After looking into various Goverment schemes, my only other option is shared ownership. I would like to know the process of raising a mortgage for a property bought at auction. I know that a 10% deposit is required on the day of the auction. Is it a case of obtaining a mortgage in principle, purchasing the property and then applying for the mortgage after the sale? I am assuming that no mortgage lender will lend money without there being a property in place to secure the loan on. Any information on this would be appreciated Many thanks
When buying a house at an auction how do you come up with the $$ within the 24 hours they allow? Houses for sale at a forclosure auction, they ask for down payment immediately, the remaining with 24 hours. Where do youget the funds for that immediately? The details are as follows: 10% of successful bid immediately at conclusion of auction, balance by noon the next business day, both by cashier's check. Assuming I have the down payment, how do I secure the rest of the funds before the auction starts? Not enough in home equity so forget that. Any thoughts?
How much cash should you expect to spend at a tax deed auction? My husband and I are saving to attend our county's tax deed auction next May. How much should we plan to bring to the table to get a house? We're okay with a fixer-upper or something cheap. Also, where do we go for more info? Not online sources--I mean the actual people who run this thing.
Really good auction site that is free to post? I REALLY want to find a auction site that is completely free and I can auction off something, I want one people actually go to and people don't get scammed. If you could give me a list by popularity I would greatly appreciate, 10 pts best answer.
Where can I find lists of home being sold at auction? I'm looking for local auctions of homes for either tax sales or foreclosures. I've checked out the local county website but nothing is available there except the auction process,no listings. I've checked the local paper for public notices, but nothing is listed there either. There are numerous websites that list foreclosures and auctions that will take place on various dates, but without paying to join these websites I can only obtain limited amounts of info. Basically I want to obtain this info myself without paying to join a website.
What kind of programmers i need for making online auction website? I want start my online auction website. I dont know anything about programing. What kind of programres and what experience do they need to have for me to build a auction website? If i could get a list with all the people i need to hire, and some more information on how everything works would be really apreciated. Also if you could tell me around how much each one of these employees makes would be great too. Thanks in advance!
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