Belt Auction

How much will a real estate liquidation company mark down a property each month?

I'm interested in a property that went into foreclosure and is now being sold by a real estate liquidation company. Supposedly, they will systematically drop the price until it sells. If true, how much will the price drop each month? Is there a standard formula for real estate liquidation?

Public Comments

1. they often sell it to investors who hold it for 1 yr. alternative; check Monday with your county treasurer and see when they are holding their TAX foreclosure sale [or tax certificate sale if your state does that.] you can get a house for less than 10k--with no mortgage needed!