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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.

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  • TechBlowouts.com

    More sites that feature us government surplus commodities

    1. Slowing the progressive fading of the oil economy - recession in the USA
    ... sales of 'treasury bonds'. Alternatively, government services must be dramatically slashed so ... ... oil sales or export trade surplus over spending on imports, are kept in US dollars and US dollar ...
    http://www.naturalhub.com ...ing_recession_USA.htm


    2. HTML
    http://druckversion.studi ...mic Collapse 2005.htm


    3. Socialist Appeal - Britain in 2003 - Part One
    http://www.socialist.net/content/view/365/31/


    4. Yachts - Surplus Boats
    ... US Department of Defense surplus inventory sales of government commodities. Government Auctions; federal, auctions, foreclosures, seized, surplus Provides links to government auctions and profit ...
    http://luxury-yachts.biggsavings.com/surplusboats/


    5. The Argument against US Bonds
    ... Fad that Won't Last Commodities ª Oil Supply and ... bonds yield more than US savings bonds.   ... to consider about government debt in general is ... where all of their surplus cash is used to buy a ...
    http://www.tradingtoday.com/25-US-bonds


    6. Middle East News.com - United States of America
    ... the decisions, and government buys needed goods ... capital plant, lay off surplus workers, and develop ... In all economic sectors, US firms are at or near ... f.o.b., 1996) commodities: capital goods ...
    http://www.middleeastnews.com/USA.html


    7. Foreign Exchange and Metals quotes and Global Money Trends newsletter
    ... in January after posting a surplus of 3.86 billion rand in ... between Australian and US 10-year government debt has narrowed to ... limited as higher prices of commodities the nation exports bolster ...
    http://sirchartsalot.com/


    8. Premiere Online Forex Trading System - FX ETC.
    http://www.forexetc.com/glossary.html


    9. Browse Articles By Category | Africa Confidential, Inside information for ov...
    ... to ensuring a power-sharing government is set up. We hear that US ... on cancelling much of Iraq's US$120-130 billion debt will have ... 1979, he inherited a foreign surplus of about $35 bn. but after ...
    http://www.africa-confide ...geid=40&categoryid=12


    10. kickAAS
    ... rice and other commodities until 2011 ... have ever heard that the US will give up ... s leading heads of government. Meanwhile I was ... prices then dumps the surplus on world market at ...
    http://kickaas.typepad.com/


    11. Monopoly
    ... Monopoly power by the US government, only to be ... or all of the consumer surplus, as although the ... develop without such government intervention. Just ... of these commodities. Salt and the ...
    http://monopoly.iqnaut.net/


    12. Military - Military Surplus Vehicles
    ... US Department of Defense surplus inventory sales of government commodities. We Sell Premium US Military Surplus Goods Dealing in US military surplus, including vehicles. Arnold AFB Arnold AFB ...
    http://military.researcha ...itarysurplusvehicles/


    13. GRAIN | Briefings | 2005 | USAID: Making the world hungry
    ... policy. In the post WWII era, the US government was primarily concerned with opening markets to its surplus agricultural commodities. With globalisation, however, the policy context changed. US food ...
    http://www.grain.org/go/usaid


    14. 121 Plumbing - Plumbing Test
    ... US Department of Defense surplus inventory sales of government commodities. Diy Fix It - Central heating, Hanging wallpaper, Home improvement ... Collection of tips and advice covering building and ...
    http://www.121plumbing.com/plumbingtest/


    15. government grant org
    ... Donation of Federal Surplus Personal ... com 41. Fulbright US Student Program Home ... by the federal government or through private ... personal property, commodities, and More Results ...
    http://www.government-grant.org/


    16. Glossary of research economics
    ... things." Because products are thought of as commodities with money prices, the social process of ... ... British Household Panel Survey. A British government database going back to 1990. Web page: http ...
    http://www.econterms.com/econtent.html


    17. VINCE CARDUCCI -- THE CRITIQUE OF CAPITAL: RELOADED -- LOGOS 5.1 WINTER 2006
    ... by the external forces of government and activist shareholders ... earth to protest the impending US invasion of Iraq. Since then, a ... the production of specific commodities from initial inputs ...
    http://www.logosjournal.com/issue_5.1/carducci.htm


    18. Nonviolent Ways Project - Commentary: Hypocrisy of U.S. war aims
    http://www.nonviolentways.org/hypocrisy.html


    19. Auctions - Government Surplus Auction
    ... US Department of Defense surplus inventory sales of government commodities. BSCAmerica Auto Auctions Auctions in locations in Maryland, Florida, and Louisiana. Includes links and specifics to each ...
    http://www.auction-resour ...rnmentsurplusauction/


    20. Press Releases
    ... 12/18/2003 MEXICAN AND US SUGAR INDUSTRIES ... outlays by the U.S. government. The Administration ... international commodities research firm that ... TRADE 8/7/2001 MORE SURPLUS SUGAR GOING TO FUEL ...
    http://www.sugaralliance. ...ault.aspx?page_id=109


    21. Shipping - Shipping Vehicles
    ... US Department of Defense surplus inventory sales of government commodities. Shipping Goes Down The Tubes - Computerworld An introduction to many of the large diameter schemes under development ...
    http://shipping.researchalot.com/shippingvehicles/


    22. OGC - Sitemap
    ... Useful Links Contact Us Accolades and ... Management Disposal of surplus property Property Co ... Summary Reports Commodities Procurement ... Efficiency) Government Relocation Portal ...
    http://www.ogc.gov.uk/sitemap.asp


    23. Trucks - Military Trucks
    ... US Department of Defense surplus inventory sales of government commodities. PULL-PAL WINCH ANCHORING DEVICE--For trucks,4x4s,off-roaders ... Manufactures winch anchor device and underhood welding ...
    http://trucks.onlineguidance.com/militarytrucks/


    24. The Flemish Beerdrinker. Ivan's weblog.
    ... too high. Prof Gordon reminds us that there are extremely long ... of the population. ... The government caps annual payments to an ... benefit from exporting these commodities to the United States ...
    http://www.ivanjanssens.be/dutch/weblog.asp


    25. Marxism message, David Harvey on the Drive to War
    http://archives.econ.utah .../2003w07/msg00089.htm


    26. Electronics HQ : Electronics Liquidators
    ... US Department of Defense surplus inventory sales of government commodities. Tamsquare Art and Jewlery Gallery Provides painting reproductions. Contains program overview, commission rates andsignup ...
    http://www.electronics-hq ...liquidators/index.php


    27. Iraq War Bulletin
    ... suffering from surpluses of commodities, manufactured products ... then, it is also faced with a surplus of labour, yet the two ... is war. In the 1930s, the US government addressed the problems of ...
    http://www.socialism.com/currents/bulletin4.html


    28. Bargain News Shopping
    ... Liquidation U.S. Department of Defense surplus inventory sales of government commodities. Weekly Newsletter Your Email: Subscribe >"> about us| contact us| terms of use| privacy| media ...
    http://www.charityshare.n ...gory_238&name=Bargain


    29. Forex Blog: Economic Indicators
    ... deficit may actually be a surplus According to recent figures ... further terrorist attacks in the US. Originally, the news of the ... the likelihood that the government will default on the debt ...
    http://www.forexblog.org/ ...indicators/index.html


    30. Medical Equipment HQ : Surplus Medical Equipment
    ... US Department of Defense surplus inventory sales of government commodities. Foreclosure, Tax Lien Certificate investing, Auctions Bank and IRS foreclosure properties in the Metro Atlanta area ...
    http://medicalequipmenthq ...alequipment/index.php


    31. Gold Coins Prices Bar Bullion Pricing Precious Metals Price American Eagle C...
    ... NEW VIDEO SECTION Equidex Commodities Analyst Philip Gotthelf on ... PalmBeachPost 3. Overly Extended US Budget... Despite conservative ... surplus in 2001, to a record deficit in 2003, the government ...
    http://www.tomorrowsgold.com/


    32. U.S. Foreign Aid Watch Organization :: Online Information About Foreign Aid
    ... the shortfall and surplus for each service. DOD ... total value of the commodities to date, including ... To date, the U.S. Government has provided a ... Top 100 Submit Recommend Us Contact Us Privacy ...
    http://www.foreignaidwatch.org/


    33. Government Grants and Loans: Federal Money RetrieverÆ
    ... grants! Get Federal Money RetrieverÆ (free) FREE Online Information about ALL US Federal Government Funding Programs (Grants, Loans, Free Services, etc.) is available at AIDPAGE.com! Click HERE! Free ...
    http://www.fedmoney.com/


    34. The China Stock Blog » Stephen Roach on Rebalancing of the Chinese Economy
    ... ChinaÄôs net-export surplus and thereby provide ... still need tons of commodities - but will seek ... economy will fair when US buying power and the ... demand unless the Government continues to put ...
    http://chinastockblog.com/article/8252


    35. Kibo : Kibo: Links: Miscellaneous links
    ... http://www.aphis.usda.gov/oa/commodities/pg19.html The US government's terse description of durians ... ... http://www.sciplus.com/ American Science & Surplus will sell you all the parts you need to make ...
    http://www.kibo.com/links/misclink.shtml


    36. <img src="http://www.alwayson-network.com/images/uploads/AO2004.JPG" BORD...
    ... on public sector unions in the US, and it is the public sector unions that are completely out of control. As far as "distribution of wealth" goes, again, any government at all represents ...
    http://www.alwayson-netwo ...s.php?id=6289_0_7_0_C


    37. Capacitors HQ : Surplus Capacitors
    ... US Department of Defense surplus inventory sales of government commodities. surplus geigers and radiation detectors from bull electrical Miltary surplus Geiger counters and dosemeters, specifications ...
    http://capacitorshq.com/s ...scapacitors/index.php


    38. Aldebaran Commodities B.V.
    ... no incentive for the US government to support export and sell peanuts for less than US$ 480,00. Also new under this Bill is that even if crop would be able to supply a surplus over domestic ...
    http://www.aldebaran.nl/marketinfo.htm


    39. Convenient Store Displays at Retailstoredisplays.Net
    ... retail counter displays glass display cases surplus refrigerted display cases 1:32 model display ... ... issued by means of the US Government authorizing the export of commodities on behalf of what ...
    http://www.retailstoredis ..._STORE_DISPLAYS.shtml


    40. Genetically Engineered Food
    ... or tenure, or fired. For example, a U.K. government-funded study demonstrated that rats fed a GM ... ... gene, may create the novel protein inside of us. If it is allergenic or toxic, it may affect us ...
    http://www.tuberose.com/G ...Engineered_Foods.html


    41.
    http://www.jahrbuch2004.s ...ollapse_in_2005_.html


    42. colloidal silver
    ... demand to create at least some SURPLUS. Stated another way, the ... IN WORLD SILVER since the US government began supporting the price ... world markets, virtually all commodities go from being under priced ...
    http://www.baytree.com.au ...colloidal_silver.html


    43. The Enterprise Newspapers - Hungry for a new location by Brooke Fisher
    ... government commodities, which is surplus food that has been repackaged by the government. "Nobody ... ... things," Andrade said. "That is the purpose of us sitting down with them." Although the center ...
    http://www.enterprisenews ...ryid=2005121513485388


    44. CENTROID Network - Headlines
    ... from an economic standpoint, of US farmers ignoring global ... subsidy payments from the government, is that there is already a ... massive surplus is quite profitable for the crop commodities giants ...
    http://www.centroidcafe.com/Network_Channel-1.htm


    45. Business News:Investing - Sympatico / MSN Finance
    ... Home Stocks Funds Commodities MyPortfolio ... Story Skilling says government ignored ... cent in first quarter to US$4.3 billion 8:08 on ... China's March trade surplus hits US$11.2B, nearly ...
    http://www.finance.sympat ...news/businessnews.asp


    46. NZ Facts & Figures
    ... 37,862 Jan 06 Trade surplus/deficit (NZ$ billion ... 24.8% Sept¬05 ¬ Government 4.2% Sept¬05¬ ... NZ$1 equals As at US Dollar 0.6731 Feb 06 ... Exports - Top 15 Commodities Commodity NZ ...
    http://www.investmentnz.govt.nz/section/14341.aspx


    47. CIA - The World Factbook -- Sudan
    ... 249] (11) 774137 note: US Consul in Cairo is ... its first trade surplus, which, along with ... and commerce 7%, government 13% (1998 est ... 2005 est.) Exports - commodities: oil and petroleum ...
    http://www.odci.gov/cia/p ...factbook/geos/su.html


    48. Change is upon us
    ... due to its trade surplus with the United ... other things, some commodities and metals prices ... That brings us to the US fiscal deficit. A ... arises when the government spends more than it ...
    http://www.freemarketnews ...fb=1&wid=205&ntyp=EMA


    49. Us Government Auctions - auctions - Us Government Auctions
    ... US Department of Defense surplus inventory sales of government commodities. Government Auctions live bid auctions buy houses cars jeeps Sells federal auction lists. FirstGov.gov: The US Government's ...
    http://www.bids.name/usgovernmentauctions/


    50. Computers HQ : Surplus Computers
    ... US Department of Defense surplus inventory sales of government commodities. Closeouts- discount wholesale surplus and salvage store returns ... Liquidation, overstock, and salvage merchandise. Evil ...
    http://www.computers-hq.c ...uscomputers/index.php


     

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