Real Estate Auction

What are seized property auctions and why are they so cheap?

A seized property auction is when the owners fail to pay the mortgage on their home and the lender repossesses it in a process called foreclosure. Banks, private lenders and the government foreclose on hundreds of thousands of homes every year and conduct public seized property auctions in an attempt to recover some of the money.


What types of seized properties are in the auction?

Virtually any type of real estate can be auctioned off: single-family houses, multi-unit houses, apartments/townhouses, commercial properties, mobile homes, land, timeshares, vacation and rental properties.


Is it possible to get financing when buying a seized property at auction?

Yes, you get access to a wide variety of financial institutions that specialize in providing mortgages for seized property auctions.


What kind of prices are seized properties going for in my area?

You can view a list of recently sold real estate auction properties in your area by clicking your state, HERE.