Hi everyone.
I have come accross this property, which is being sold by mortgagee and it will be an auction. The auction will be conducted by a REA.
Should I expect this property to be sold at a lower price? What does everyone else think? Has anyone had any experience with auction by mortgagee. Would the reserve price be influenced by the balance on the mortgage?
Your thoughts and experiences would be greatly appreciated.
Thanks
I have come accross this property, which is being sold by mortgagee and it will be an auction. The auction will be conducted by a REA.
Should I expect this property to be sold at a lower price? What does everyone else think? Has anyone had any experience with auction by mortgagee. Would the reserve price be influenced by the balance on the mortgage?
Your thoughts and experiences would be greatly appreciated.
Thanks