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 Question about lelong/auction property, Are they all legit?

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AtMostFear
post Jul 26 2025, 07:46 PM

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Joined: Mar 2006
From: Ann Arbor


QUOTE(Patent @ Jul 25 2025, 04:39 PM)
How do I know if an agent is registered with the bank or not?

Also how do you do diy bidding, where do you get the information where it will be held, etc.
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there's another long thread on auctions. I did my research there and so far have bought 2 auction properties.

both cases I used agents but I was also present during the bidding process. personally, I don't see any downside in using agents for buying auction properties as they'll ask for commission from the auction bank, not you.

Auction properties

 

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