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9 Things to Know About Buying at Auction
By reinvestor on July 10, 2015
During the height of the housing downturn, “auction” usually referred to a foreclosed piece of property sold to the highest of many jostling bidders on the local courthouse steps. Typically, there was no chance for a preview of the property, little time for due diligence and the requirement of full and immediate payment upon acceptance of the winning bid. With a steady recovery underway, that scenario is being overtaken by auctions of a more traditional sort, both on-site and online.
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