General

Introduction Buying property at a sheriff auction involves several legal considerations. This article will cover transfer duties, title searches, and when to seek legal assistance. Transfer Duties and Fees When purchasing property at a sheriff auction, you’ll need to pay transfer duties based on the property’s value. Additionally, there are fees for the transferring attorney […]

Introduction Financing a property purchased at a sheriff auction involves understanding different options. This article will explore bank loans, private lenders, and using existing equity. Bank Loans Applying for a bank loan is a common financing option. To secure a loan, you’ll need to provide documentation of your financial status, the property’s details, and the

Introduction Participating in sheriff auctions can be highly rewarding, but it’s essential to avoid common pitfalls. This article will discuss mistakes buyers often make and provide tips on how to avoid them. Overbidding One of the most common mistakes is overbidding. It’s crucial to set a budget before attending the auction and stick to it.