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  • Real estate auction action - Buying a home at auction
    Author: Jakob Jelling
    Due in part to the popularity of the U. S. Department of Housing and Urban Development (HUD)'s home auction program, more potential homebuyers than ever are buying homes at auction. Homes for auction aren't limited to just HUD, however. Many government entities auction homes for payment of back taxes, and some homeowners even auction their homes on eBay.com!

    Homebuyers considering buying a home at auction should take some steps in advance to help them with their bid price, and even whether to bid at all on a specific home. There will always be a degree of risk when buying a home this way, but with a little diligence, potential homebuyers could save a lot of money buying in this manner.

    Before the auction, you should have your financing arranged, and have enough cash on hand or in your bank account to cover a deposit on your purchase. You need to check the features, location, condition, and ownership history first. Afterwards, be sure to learn what the property is worth by looking at sales of comparable properties in the same area. Compare homes with the same number of rooms is possible, but be sure to allow for price differences due to pools, decks, carpeting, window treatments, etc.

    At the auction itself, resist the temptation to get into a personal bidding war, just "to beat out the other guy". Have a set price limit and stick to it. Other houses will come along, and you don't have to win the first auction that comes your way.

    You should know that the price of a home at auction is typically the loan balance (if foreclosed), plus any back taxes owed, plus legal fees and other expenses in foreclosing the property. This will typically be the opening bid amount, and the price will go up from there. Even so, it's possible to get a great deal in an auctioned house, with a little research and planning first.

    Also, know that you probably won't be able to get an inspection, and are buying the home "as is". If you can't do any needed repair work yourself, or can't hire it done within your budget, you may not end up getting such a bargain in the end.

    About the Author

    Jakob Jelling is the founder of http://www.cashbazar.com. Visit his website for the latest on personal finance, debt elimination, budgeting, credit cards and real estate.

    ...

  • TechBlowouts.com

    More sites that feature dod surplus for local government

    1. Academic Institutions (U.S.)
    ... the laboratory director to be surplus; Make laboratory personnel ... authorized by 10 U.S.C. 2539b. DoD laboratories may make available ... and agencies of state and local government. The partner must ...
    http://www.erdc.usace.arm ...=57678&f_parent=48473


    2. Foreclosure - Government Foreclosures
    ... From $500. Find cars through local government auto auctions ... army, navy, air force and government auctions on military ... to the public as surplus. DRMS manages the DoD Surplus Property ...
    http://www.theforeclosure ...vernmentforeclosures/


    3. USAJOBS - USAJobs FAQ
    ... through an employee's local civilian personnel ... Zone Coordinator, or the DOD Civilian Assistance in ... function results in a surplus of employees in the ... USAJOBS, the Federal Government's Employment ...
    http://www.usajobs.opm.gov/EI31.asp


    4. online surplus assets, military surplus wholesale clothing, closeout merchan...
    ... identity. HOW WE SELL SURPLUS: (top) 18. Property ... any necessary state or local permits allowing you ... or agency of the US Government. E MLI(NON-SME ... to be furnished by the DOD Demilitarization ...
    http://www.govliquidation.com/terms.html


    5. ☞ Certificates - Cold War Certificate
    ... anywhere. Txarmymars.org DoD's Cold War Certificate ... on the arts, government, culture, American ... news concerning local businesses, sports ... & Dosimeters More Surplus Civil Defense Survey ...
    http://www.aboutcertifica ...m/coldwarcertificate/


    6. Early Warning by William M. Arkin - washingtonpost.com
    ... ways the wharehoused surplus from all branches of ... DHS and the Federal Government to assist these ... I would suggest that the DOD could create guidelines ... no need to change laws, local control, trained for ...
    http://blogs.washingtonpo .../rumsfeld_to_kat.html


    7. Trusted Computing FAQ TC / TCG / LaGrande / NGSCB / Longhorn / Palladium
    ... If Microsoft believes that your copy of Office is a pirate copy, and your local government moves to TC, then the documents you file with them may be unreadable. TC will also make it easier for people ...
    http://www.cl.cam.ac.uk/~rja14/tcpa-faq.html


    8. Collectible American Longarms Catalog
    ... II many M1917's were sold to civilians by the Government, and became the basis for custom magnum ... ... A fellow collector found this rifle in a local pawn ship, in a cut down stock with a buckhorn ...
    http://www.oldguns.net/cat_fa_old_us_long.htm


    9. Government Computer News (GCN) daily news -- federal, state and local govern...
    ... Mgt. Defense IT E-Government Enterprise ... Project Mgt. State & Local VOIP Work force ... to size. 4 million at DOD to use biometrics ... are fading away FSS surplus jump-starts three GSA ...
    http://www.gcn.com/21_10/


    10. Space Access Update #74 8/31/97
    ... both of the House-Senate DOD funding bill ... engines, stored surplus from the old Soviet N ... at least in part by government research grants ... less blessed in their local congressional ...
    http://www.space-access.org/updates/sau74.html


    11. Agriculture Factbook 2001-2002/chapter
    ... plan. The Federal Government pays for the ... to schools by utilizing DODís buying and ... is established by the local school food authority ... are available from surplus stocks purchased by ...
    http://www.usda.gov/factbook/chapter8.htm


    12. New York District, U.S. Army Corps of Engineers
    ... and firms in labor surplus areas. Contracting ... DoD are set forth in the DoD FAR Supplement (DFARS ... are issued by the Government agency for which ... do business, or their local Electronic Commerce ...
    http://www.nan.usace.army ...ss/buslinks/contract/


    13. Research Administration - Equipment Management
    ... to the government including DOD form 1662 and NASA form 1018 ... Head or designee to conduct local equipment management ... related to receipt of government surplus or loaned equipment ...
    http://vpf-web.harvard.ed ...t/sup_spe_equip.shtml


    14. Senator Carl Levin (D-MI): In the Senate: Voting Record
    ... nuclear weapons. (51-43) DOD Authorization, 2004 (H ... Coordinator of U.S. Government Activities to ... billion for State and local relief; it is offset ... on-budget balance or surplus so that Social ...
    http://www.levin.senate.g ...d/108First/index4.htm


    15. Main and Central
    ... and why we no longer have the surplus that President Clinton worked ... Kevin graduated from the local high school in 2001, and ... originally $6,000, but the government repossessed his final ...
    http://www.mainandcentral.org/


    16. Seized Government Property Auctions
    ... claim. ... Federal, State & Local Government. County Tax Sales ... Mailing List Information DOD Auctions ... Government ... and online government auctions of seized and surplus property ...
    http://www.khmersenate.or ...propertyauctions.html


    17. Senator Feinstein's Votes - 105th, 2nd Session
    ... them of amount of DOD expenditures since ... practice of government directed lending ... commenced by State or local governmental entity or ... any unified budget surplus will be used to ...
    http://www.feinstein.senate.gov/105/1052.html


    18. Informed Comment : 02/01/2003 - 02/28/2003
    ... news. The balance of trade surplus has grown, and the pace of ... a year or two until an Iraqi government can be implemented). Powell ... prisoners. On the other hand, local Iranian air traffic ...
    http://www.juancole.com/2 ...juancole_archive.html


    19. GUIDE TO BUYING USED FEDERAL PERSONAL PROPERTY
    ... at libraries and local Chambers of Commerce ... of Documents, U.S. Government Printing Office ... Department of Defense (DoD), sells used personal ... Property Military surplus personal property is ...
    http://www.exchangenet.co ...to/consumer/R0565.htm


    20. Survival Preparedness - Survival Preparedness ☼
    ... crises situations, to local, regional and global ... for business, government and industry. www ... directly enhancing DoD preparedness. wwwnt ... com Selling surplus and survival items ...
    http://www.survival-prepa ...survivalpreparedness/


    21. Liquidity Services Wins Contract to Auction DoD Surplus in Germany
    ... Bill the Postman Find Local Auctions Yellow Pages ... and remarketing of DoD surplus assets in ... wholesale and surplus buyers throughout ... Liquidation.com, Government Liquidation and ...
    http://www.auctionbytes.c ...b/abn/y06/m03/i15/s03


    22. Thomas P.M. Barnett :: Weblog: November 2005 Archives
    ... Being so scared all the time means the government encourages a lot of specialization in ... ... the Leviathan enters a country. It is the local society's clock that says, "If you wage war ...
    http://www.thomaspmbarnet ...rchives2/2005_11.html


    23. SurvivalBlog.com
    ... being sold off as surplus.) CW: Continuous Wave ... that doesn't work. DOD: U.S. Department of ... U.S. Federal government agency) HUMINT ... that depends on some local infrastructure. See ...
    http://www.survivalblog.com/glossary.html


    24. Chuck's Information Center
    ... Fuel Economy site - government web site Fuel Cell ... Data Resources Inc. Surplus Shed ZD Integrated ... Digitech DiMarzio DOD Electronics Dolby ... Filing System - ETFS Local Calling Guide - NPA ...
    http://www.chuckrock.com/


    25. Center for Arms Control and Non-Proliferation
    ... Government Materials Government reports and ... have nearly 25 percent surplus capacity in the ... military basing policy, DoD, congressional and ... and the national and local politics of base ...
    http://www.armscontrolcenter.org/military/brac/


    26. Official Website of James Landrith: Taking The Gloves Off - Chapter 2: Life ...
    ... that meet the needs of the local community, and would retain ... recommends DoD and other Federal government departments and ... the screening process of surplus real property at closing ...
    http://www.jameslandrith.com/content/view/601/58/


    27. Seattle Post-Intelligencer: Sound Off
    ... Seahawks | Sonics | Forums | Calendar NEWS Local Neighborhoods Sports Nation/World Business A&E ... ... on in Iraq. They have not formed an actual government since the vote. The newly appointed, er ...
    http://seattlepi.nwsource ...ID=264134&source=mypi


    28. GovernmentVAR | Code Breaking: Government Acronyms from A-to-Z
    ... Department of Commerce DoD--Department of Defense ... of excess and surplus property of the ... Office GPRA--Government Performance Results ... federal, state and local government agencies ...
    http://www.varbusiness.co ...l?articleId=177101831


    29. SICCODE.com - The World Wide Business Directory with FREE Company and Produc...
    ... LEGAL FORMS SIC to NAICS CODES SURPLUS MARKET STOCK QUOTES WEATHER ... with the SDDC, DOD, or any government agency. They have ... anglers from the Surf Kings a local fishing club. In a few weeks ...
    http://www.siccode.com/newsreader.php


    30. http://www.pueblo.gsa.gov/cic_text/fed_prog/persprop/persprop.txt


    31. Vote Out Incumbents for Democracy: January 2006 Archives
    ... Earmarks are special state or local projects tacked onto federal ... this. The promise of leaner government, halting wasteful spending ... as deficits were reduced, a surplus was achieved, and checks and ...
    http://www.voidnow.org/2006/01/


    32. http://www.dcinventors.org/UsefulInfo.htm
    ... Service. Bid on surplus equipment. Back to ... CFR37. U.S. Government Printing Office ... information with a local enphasis. Back to top ... Agriculture, Commerce, DOD, Education, Energy, HHS ...


    33. No Pundit Intended: August 2004 Archives
    ... government to bail us out, but the federal government can only provide a drop in the bucket of red ... ... reason to talk about a hijacking," Levitin told local television. Levitin said an SOS signal sent ...
    http://www.nopunditintended.com/2004/08/


    34. Aeronautics news, research, discoveries and current events
    ... by NASA, with government and industry ... in their wake a surplus of moisture to feed ... 20120- 51k 3-D map of local interstellar space ... Department of Defense (DOD), Department of Energy ...
    http://www.brightsurf.com ...=search&s=Aeronautics


    35. U.S. Senator Mary L. Landrieu (D-La.) | Agency Contact Information
    ... DEFENSE, DEPARTMENT OF (DOD) The DOD is responsible for providing ... 736-6550 Northwest Louisiana Government Procurement Center Greater ... preparedness phase, state and local governments administer ...
    http://landrieu.senate.gov/services/agencies.cfm


    36. ComputerJobs.com - Jobs in D.C. Metro
    ... or be able to achieve DoD Secret Level Clearance ... contract Rosslyn, VA Local candidates only Rate ... with Inventory and Surplus experience is desired ... and unclassified government enterprise-wide ...
    http://www.dc.computerjob ...ublished=1&s_jcid=112


    37. Career Transition Guide
    ... in the Federal government underwent a ... must notify their surplus or displaced ... for positions in the local commuting area and ... ICTAP, for example, a DOD employee with a RIF ...
    http://www.opm.gov/rif/em ...career_transition.asp


    38. Look Paper Shredder, Industrial Paper Shredder, Office Paper Shredder
    ... your premier source for DOD Approved high security ... 1979, Iranians enlisted local carpet weavers, who ... by the United States government to include ... to process its surplus scrap tires. Garb-Oil ...
    http://www.lookpapershredders.com/


    39. How To Buy...
    http://www.1st-in-net-info.com/how_to_buy.html


    40. RTH Consulting
    ... Department of Commerce DoD Department of Defense ... Purpose GPO U.S. Government Printing Office GPS ... Back to top L LAN Local Area Network LCC Life ... method) LSA Labor Surplus Area LOC Lines of ...
    http://www.rthconsulting.com/acronyms.html


    41. Twentieth Century Atlas - Death Tolls
    ... 63,114 other deaths = 116,516 (DoD; 1991 Info. Please); 126,000 ... 1993): 9,500,000 "surplus deaths" during the 1930s ... island. With support from the local people, Australian commandos ...
    http://users.erols.com/mwhite28/warstat1.htm


    42.
    http://recent.ontheissues.org/Dick_Cheney.htm


    43. 108th Congress: Bill H R 4200 | Congress votes database | washingtonpost.com
    ... Sports facilities | State and local government | State parks ... Support of dependents | Surplus government property | Surveys ... to the Conference Report Dod Authorization, Fiscal Year 2005 ...
    http://projects.washingto ...s/108/bills/h_r_4200/


    44. Government Liquidations
    ... Surplus Auctions, DOD Surplus Auctions, Used ... news provided by the Government News Network ... saved goods, upset, surplus, liquidation ... surfeit, general wares, local time, special gives ...
    http://liquidation-goods. ...ent-liquidations.html


    45. Free-Reports-in-1.com - persprop
    http://www.free-reports-in-1.com/persprop.htm


    46. Dick Cheney on the Issues
    ... Head Start; but with surplus, supports it. (Jul ... political leaders on Government Reform. Needless ... 2003) Didnít vote in local elections because his ... that Congress gave DoD unwanted weapons & ...
    http://www.ontheissues.org/Dick_Cheney.htm


    47. Patriot Blog
    ... a $1 billion budget surplus. DFLers are ... ban. http://wfrv.com/local/local_story_334225748 ... in General Update on US DoD campaign to print pro ... counteract other US government programs. Patrick ...
    http://www.patriotblog.com/index.php?p=11


    48. locussolus - March 2003
    ... Not parts that go to your local mechanic, but parts that go to ... secrecy of the Chinese government. March 26, 2003 One man's ... some incisive comments about the DOD's predilection for calling the ...
    http://www.locussolus.com/archives/2003_03.html


    49. thedirt
    ... is a unit of the Government Reform Committee ... been identified by DoD as defective," but they ... circulating in the surplus supply chain."An ... issued to state and local law enforcement ...
    http://www.dirtybush.com/thedirt.html


    50. http://www.afrlhorizons.com/headliner.html
    ... standing among their SES peers: the federal government's cadre of managers who oversee some of the ... ... and improvement of Department of Defense (DoD) weapon systems. Dr. David Hardy, Space Vehicles ...


     

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