All Topics / Overseas Deals / Online Auctions for foreclosures in the US
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.
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?
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.
Can mattnz provide an email or web address for Phil Jones as well.
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