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When a house is foreclosed, it can go to auction and be purchased as an as-is, low-cost property. A home was foreclosed for one of two reasons: either the originally homeowners stopped making mortgage payments, or they did not pay the property tax.
In Utah, the county in which you live will hold house auctions for these types of houses; at this time you can pay cash for the house. Many times you can find a relatively good house on auction. With a little work and love, this foreclosed property can be transformed into your dream home.
When you buy a house at real estate auctions, you take the risk of buying the house in its current condition. Many times these houses have not been cared for and are in need of a loving remake; although this may not always be the case. If you are looking to do renovations or enjoy home projects, this may be the perfect solution to owning your own home at a lower cost than the regular market value.
At New Dwello, we will help you find auctions closest to you and guide you through the process for these types of purchases. You may not know what you are looking for, and auctions are a good way to open your mind up to what is out there. Properties pop up frequently, so if we do not have listings at the moment, we will stay in touch and notify you when there is one that fits your needs.
If you are interested in buying a home from a local house auction, let New Dwello’s trusted realtors help find the right auction for you.
|Special Financing for Auction Properties|