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Should I consider an absolute auction if I have a large mortgage?
by on Mar 05, 2009 in Mortgage, Auctions, Appreciation
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You might have a large mortgage, but larger equity in your property. If you guarantee and show proof to us that you are willing to pay off that mortgage and walk away with whatever is above or below that mortgage amount, then yes we would sell your property “Absolute”. Otherwise, don’t do it. Buyers are very aware of how auctions operate and even more today with the buying online. You can have a successful auction, even when you have a mortgage on the property. Every year, we have several in this situation, and they were extremely successful. We did not sell the properties at an Absolute Auction. Why did it work? Marketing and Buyers know that we will be up front and honest with them at the end of the sale and declare the properties sold or not sold. Call or e-mail us today for more details.
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