All Topics / Overseas Deals / Online Auctions for foreclosures in the US

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  • Profile photo of akirkakirk
    Participant
    @akirk
    Join Date: 2009
    Post Count: 42
    November 3, 2009 - 12:41 am

    Hi,

    I've come across an online auction for properties in the USA.  Just wondering if anyone on the forum has purchased a property this way.  The site covers both residential and land – many different areas of the country.

    For example, bidding will start at $59k for a 3 bedroom house built in 2007 in Texas which was previously valued at $255k.
    Another with bidding at $5k for a 6 bedroom house built in 1929 in New Jersey previously valued at $325k.

    Any thoughts or comments appreciated.

    mattnz
    Participant
    @mattnz
    Join Date: 2007
    Post Count: 574
    November 4, 2009 - 2:09 pm

    Could you please post the site.

    I get regular updates from Phil Jones (a kiwi now based in US) who is a strong advocate of these sales, are these tax liens?

    Profile photo of akirkakirk
    Participant
    @akirk
    Join Date: 2009
    Post Count: 42
    November 5, 2009 - 9:40 am

    Sure. 

    http://www.auction.com/auction_details_online_land.php?auctionID=L-001

    I'm really not sure if they are tax liens – they all seem to have deliquency estimates though.

    Profile photo of wapi001wapi001
    Member
    @wapi001
    Join Date: 2007
    Post Count: 2
    November 8, 2009 - 11:42 pm

    Can mattnz provide an email or web address for Phil Jones as well.

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