What Is an Assignment of Bid in a Foreclosure? | Sapling
sapling.com
What Is an Assignment of Bid in a Foreclosure? | Sapling
Foreclosures can be a source of tragedy for one investor and a golden opportunity for another. In between the two lies a complex legal and financial process that requires many steps to complete. The assignment of bid occurs when the title for a distressed property is changing hands after an auction.
Oct 10, 2016
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What happens at a foreclosure auction? Here’s how it works: Investors perform due diligence before the auction starts to determine their maximum allowable bid. It’s vital to stick to your bid number and not get caught up in the pressure of competition. Investors use foreclosure auctions as a way to secure deals because you can buy them for way below market value! Follow Two Guys Take on Real Estate for more tips and tricks to purchasing multiple real estate investment properties. #investmentprop
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