FAQ
- Should I visit the property before buying?
- What guarantees do you offer?
- Are there any liens on the properties?
- Do I need to qualify for financing or how does this work?
- How Long can I finance the property?
- How low can I expect my monthly payment to be?
- Is there any penalty for paying off a property early?
- When do I get the Deed to my property?
Who do I contact if I have questions about the auction or about a specific property?
YES, we strongly recommend that you inspect the property before buying at auction. You should also check with the county on the zoning and approved uses of the property. Particularly, the County Planning and Zoning Department will also be able to tell you about the current and future development plans for the area. While we will do our best to tell you everything we know about each property, nothing replaces the value of doing your own research and due diligence.
Should I visit the property before buying?
YES, we strongly recommend that you inspect the property before buying at auction. You should also check with the county on the zoning and approved uses of the property. Particularly, the County Planning and Zoning Department will also be able to tell you about the current and future development plans for the area. While we will do our best to tell you everything we know about each property, nothing replaces the value of doing your own research and due diligence.
We guarantee that the property is free and clear of any governmental or private liens or encumbrances other than recurring assessments or bonds. Basically they guarantee that at the point of ownership transfer from them to you, the property is free and clear and has a marketable title.
Are there any liens on the properties?
No. We guarantee a free and clear marketable title on all properties we sell.
Do I need to qualify for financing or how does this work?
NO, you don’t need to qualify for financing. We see it as our mission to make property ownership affordable for as many people as possible. Therefore, we do not require formal qualifications. It is very simple, you want to buy a piece of land and we want to sell it to you. That’s it. We do however, perform a check against a database in order to see if you have an IRS lien against you. This would be the ONLY disqualifying reason for the simple reason that IRS liens attach themselves to the property like glue. Other than that we do not look at your credit at all. We do not look at your credit score and even bankruptcies are fine.
How Long can I finance the property?
The standard length of the loan is listed on the particular property listing. If you desire a different length of time for your loan, contact us and we will negotiate satisfactory terms.
How low can I expect my monthly payment to be?
The standard monthly payment of the loan is listed on the particular property listing. If you desire a different payment for your loan, contact us and we will negotiate satisfactory terms.
Is there any penalty for paying off a property early?
No. You can pay off your property at any time with no pre-payment penalty whatsoever. Just call the Account Servicing Company listed in the buyer closing package and they will let you know your pay-off amount.
When do I get the Deed to my property?
Once you pay for a property in full, your title to the property will be conveyed via Special Warranty Deed within thirty (30) business days. If a loan was paid off, the Loan Servicing agency will inform the seller of such pay-off. In case of a cash sale, loan servicing agency will inform the seller that a cash sale has occurred. In both cases, the seller commits to signing all paperwork necessary to transfer ownership and deliver a Special Warranty deed to the recorder/clerk of the county the property is located. In addition you will receive copies of the notarized deed via mail so you can have proof that the seller has issued the deed to you. After the recording of the original Warranty deed is completed the county recorder/clerk will then return it directly to you. Depending on the County it may take 4-14 weeks (depending on the county) for the county recorder/clerk to mail the recorded deed back to you.
Who do I contact if I have questions about the auction or about a specific property?
If your questions cannot be answered through the property details on the listing page, please don’t hesitate to call 1 (888) 838-3164.