Hi,
I was wondering if banks actually accept preauction offers for mortgagee sales or do they just want to see how much people are prepared to offer?
Also do agents usually quote the rough estimate of the auction price well below what the property would sell for? Because previously from experience I was interested 3 mortgagee properties, and the amount estimated by the agent was well below the selling price for all 3 of those sales.
Thanks.
I was wondering if banks actually accept preauction offers for mortgagee sales or do they just want to see how much people are prepared to offer?
Also do agents usually quote the rough estimate of the auction price well below what the property would sell for? Because previously from experience I was interested 3 mortgagee properties, and the amount estimated by the agent was well below the selling price for all 3 of those sales.
Thanks.