Auction has many meanings. Could be foreclosure auction, which are further divided into judicial and non-judicial. Or could be mass auction by the bank. Or even individual seller.
My understanding is judicial auction gives you a clear title, sans any senior lien. Non-judicial auction? I'm not sure. Better check 如山's post as he's an expert on non-judicial auction. So you need to know what type of auction it is.
Judicial 法拍屋真实经验
Good luck.
看看这儿吧,
所有跟帖:
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for non-judicial auction
-sunskitehomes-
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09/13/2010 postreply
11:08:30
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回复:for non-judicial auction
-blocked-
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09/13/2010 postreply
11:27:38
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You're right. Probably better for LZ just to observe this time
-sunskitehomes-
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09/13/2010 postreply
11:32:53
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谢谢你sunskitehomes,好像说这种拍卖房经纪没有commission,所有我也不好意思麻烦经纪了~
-新手买房0617-
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09/13/2010 postreply
11:36:39
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没有commission doesn't mean you can't compensate
-sunskitehomes-
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09/13/2010 postreply
11:56:41
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how about your agent's boss
-sunskitehomes-
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09/13/2010 postreply
11:18:41