Best Design Tips You Will Read This Year: January 2021

Friday, January 29, 2021

Akers James Funeral Home Logan, WV

Table of Content

Provide a Lasting Memory
Funeral Sermons [Leichenpredigten][edit | edit source]
Join Our Obituary Alert Email List

Published funeral sermons were most popular from about 1550 to about 1750. They usually contain information such as names, dates, places, relatives, life histories, and sometimes pedigrees for many generations. Eulogies are subject to error because the information was given by relatives who did not always remember facts accurately. A celebration of life is planned for later in the Spring.

He loved hunting, fishing, riding four wheelers and snowmobiles. We are available 24/7 to provide support and information. Karla Cole’s sons, Antonio & Brice Green, join the family business launching a fourth generation of the firm’s dedication to the Detroit community. Through online arrangements, you can take your time selecting the arrangements best suited for your preferences and budget. Explore different options until you find those right for you.

Provide a Lasting Memory

At James H. Cole Home for Funerals we offer a variety of packages designed to pay honor and tribute to your loved one at an affordable price. We specialize in a variety of affordable packages designed to pay honor and tribute to your loved one. Pre-planning lets your loved ones focus on honoring life instead of hashing out details. Learn the choices you can make now, so a future funeral becomes more of a celebration than a burden. Funeral homes often submit obituaries as a service to the families they are assisting. However, we will be happy to accept obituaries from family members pending proper verification of the death.

During his life he had keen interests in cars, horses, dogs, and firearms. His main intellectual interests were military history, financial markets and investing. He made friends everywhere he went and never met a stranger.

Funeral Sermons [Leichenpredigten][edit | edit source]

Pre-planning ensures that your wishes are precisely followed, while your family is not burdened with the task of making emotionally difficult decisions. Many who visit our website simply wish to view an obituary or online tribute. If that is true for you, please look above for the related details. We’re here to guide you through these difficult moments in your life. The index is called the Union Catalog for German Collections of Personal Writings and Eulogies (see the “Archives and Libraries” section). He had worked as a truck driver and warehouse manager for Youngstown Wholesale for 28 years and enjoyed old cars and socializing.

It is a bittersweet reminder of all we've lost, but it can also help us to remember all we enjoyed while they were alive. If you have recently lost someone you love, we hope that you will accept our condolences. Funeral sermons include remarks made by ministers regarding the life of a deceased person.

Join Our Obituary Alert Email List

Or, visit our funeral home in person at your convenience. The James H. Cole Legacy Foundation is a 5013 not-for-profit organization which seeks to support organizations that encourage economic growth and prosperity among the citizens of Detroit through education, inspiration, and guidance. Karla M. Cole receives her license of Mortuary Science, assuring a third generation of Coles at the family-owned funeral home.

In response to Coronavirus (COVID-19), we're proud to provideLive Streaming Funeral Servicesto help keep our communities safe while connecting loved ones. Whether you’re acting in the moment or planning ahead, let us guide you. Whether you’re acting in the moment or planning ahead, we’re here to guide you. A free resource to help you through the funeral planning process.

Owned and operated in Ohio by the Snyder family since 1922. ♡

He was born on October 10, 1958, in Youngstown, Ohio, a son of the late Oliver and Geraldine Hartman Danko. In lieu of flowers, memorial contributions may be made to Krislund Camp and Conference Center, 189 Krislund Dr, Madisonburg, PA or to the State College Presbyterian Church, 132 E Beaver Avenue, State College, PA 16801. Following his military service he attended The University of Pittsburgh where he received a Bachelor of Science Degree in Business in 1960. Our firm traces its roots back, deep into the 20th century, when our first facility was dedicated. Many years later, this location has seen renovations and changes, but has always been and will continue to be an integral part of this community.

In Germany, these sermons were often collected and published. The middle and wealthier classes were more likely to have sermons for their dead, but sermons can occasionally be found for farmers, printers, or soldiers. Protestants started the practice and made the most funeral sermons, but Catholic priests also followed the custom. We are a family owned and operated Funeral Home in Oceanside and we continue to maintain a long-standing tradition of personalized service that began with Mr. Earl Towers in 1933 and continued with his son Robert E. Towers. If you or someone you care about is in need of grief support, we invite you to review our grief resources. Naturally, if you have any questions about what you can expect during the days, weeks, and months following loss, we're available by phone, by email or in person.

Obituary of James E. Riecker

The experienced funeral directors at James Funeral Home will guide you through the aspects of the funeral service with compassion, dignity and respect. We specialize in providing our families with a variety of personalized options to create a special and memorable service for their loved one. We also offer many personalized jewelry pieces, mementos, and permanent memorials that allow families to pay a special tribute or create a custom keepsake in honor of their loved one. Our staff of dedicated professionals is available to assist you in making funeral service arrangements. From casket choices to funeral flowers, the funeral directors at James Funeral Home provide individualized funeral services designed to meet the needs of each family.

The fourth generation, family owned and operated business, continues to offer the highest quality of service at the most competitive price in the marketplace. Obituaries act as quiet reminders of the finite nature of our lives. Yet, for those who have recently experienced the death of a family member or friend, an obituary means so much more.

Michael James Granbois, 82, of Lancaster, formerly of Conestoga, passed away Wednesday, December 14, 2022. Mike was born March 24, 1940 to Kenneth and Margaret Granbois in Conestoga, Pennsylvania, the only child. Mike was raised in Safe Harbor Village ; the family farm in Buck, PA; and the city of Lancaster. He graduated from Bordentown Military Institute in 1959 and was a member of the wrestling and rifle teams.

Recent Obituaries N A. James Funeral Home

Table of Content

Coatesville - Valley Township Location
James
Talk of a Lifetime
Michael James Granbois, 82
All Obituaries
Local restaurateur passes away at 62

From the beginning, this family-owned and family-operated business has been dedicated to serving bereaved families with the highest standards of professionalism, dedication, compassion, and affordability. Condolences to the family, from Shirley Reinhart Eshleman, and her family. I am so sorry that we were unable to come to the service, but you are in our thoughts and prayers during this difficult time. He is survived by his parents and his special Companion who loved him dearly. Also, his three children, Nathaniel, Harleigh and Schuyler. He loved to ride the open road on his Harley Davidson Bike whenever he could.

Prepare a personalized obituary for someone you loved.. We’ve put together a funeral planning guide designed to help answer some of your questions, and help guide you through the process of planning a funeral. We understand that coping with the loss of a loved one during the Covid-19 outbreak is difficult.We are here to help. He will be remembered by me for the good times at his house on Pearl St with his son, Wheatland wrestling matches and storming around the floors of R.R. This material may not be published, broadcast, rewritten, or redistributed. Jim was preceded in death by two sisters, Sherri Lynn Danko and Debbie Campbell; brother, Anthony Danko and two brothers-in-law, Nick Pachell and Kenneth Campbell.

Coatesville - Valley Township Location

Our honest service and commitment to excellence have served our customers well, and you can rest assured that we can assist you in your time of need. Whether you have come to our site for information about an upcoming service or to make arrangements for one, we hope the information you find here will be helpful. He shared stories of his family, especially a grandson in the armed forces, and fiercely loved you all. Over the years, the original mission of the firm hasn't changed. We have always intended to provide the best, most professional services, complemented by the finest products. Today, we pride ourselves on being current with the major changes in funeral service trends - and bring those innovations and memorialization options to our client families with integrity and insight.

James

He enjoyed the morning ritual of meeting his friends for coffee and he loved going to Walmart. He loved coaching his kids, Leetonia youth sports and he never missed his children’s or grandchildren’s sporting event or school function. Jim will be remembered as a proud husband, dad and papa who loved to brag about his family, even though he tended to over share his family’s personal business. He will be greatly missed by all who had the pleasure of knowing him. The loss of a loved one can leave you with a lot of unanswered questions, feelings of stress and anxiety and grief that makes events difficult to handle.

Talk of a Lifetime

Born August 20, 1934, in Marlton, NJ, he was the son of the late Earle and Mary Pidcoe Powers. On June 4, 1960, he married his beloved wife, Suzanne Dorning Carney, at Trinity Cathedral in Pittsburgh, PA, who survives. Iris M. McClendon went home to be with the Lord December 21, 2022. Dearest sister of William Smith, Chiquita Smith, Willann Thomas, Marica Turner, Mamie Priestly, Frank Priestly, Leonard Priestly,... James Wilson Lewis Jr., age 79, called from labor to reward December 9, 2022. Public Viewing will be held Thursday December 29, PM-7PM at Gaines Funeral Home 5386 Lee Road Maple Heights, OH...

He was our Captain as we sailed the Chesapeake, the Bahamas and the Virgin Islands, as well as Lake Erie. Family and friends are coming together online to create a special keepsake. Every memory left on the online obituary will be automatically included in this book. Please share a memory of James to include in a keepsake book for family and friends.

Michael James Granbois, 82

Memories may be shared and viewed on his obituary page. Also surviving are his beloved grandchildren, Aubrey, Kendall and Stella Danko. Jim's life was built around the love of his family, his entrepreneurial spirit, his love of business and his love of sailing.

Search the Obituaries

He met his wife of 55 years, Virginia Lee , in 1966 and married her soon thereafter. In April of 1967, Michael began his lifetime career in the printing industry, working for R.R. Donnelley & Sons as a pressman for 35 years until his retirement in 2002. Michael enjoyed spending time with his family and friends, and especially enjoyed Sunday dinners with his children and grandchildren. He loved the outdoors and enjoyed fishing, hiking, and hunting.

All Obituaries

Stay up-to-date on event information as well as memories shared on James Vance Pickett’s Tribute Wall. Arrangements are under the care of Koch Funeral Home, State College. Online condolences may be entered at or visit us on Facebook. Beloved wife of Luke McClendon Sr., Adored mother of Alta English, Shavone Salery, Sherrita Smith, Mamie Smith, Akeem Smith, Luke... Stay up-to-date on event information as well as memories shared on Jacqueline "Jackie" Schnelle’s Tribute Wall. You are welcome to call us any time of the day, any day of the week, for immediate assistance.

Thursday, January 28, 2021

How to Finance a Home Bought at Auction

Table of Content

Risks to House Auction
How Much Should I Bid?
Mortgages & Remodeling
Outstanding municipal tax and society dues
Five types of distressed property sales

Winners go through escrow and closing just as they would with any other home purchase. Bidders at property auctions are often real estate investors who can afford to pay cash. For auctions that allow financed purchases, you’ll need to get prequalified ahead of time. Some auction houses prefer that you work with their affiliated lenders and will have those lenders on-site at the auction.

In an absolute auction, the highest bidder wins, regardless of the amount of the bid. You should always consider what a home or property would appraise for if you are relying on a home loan to pay for it. Some properties will not pass inspection due to the age or condition of the home. Either way, the buyer is still responsible for purchasing the property.

Risks to House Auction

Even within one auction company, there may be a variety of auctions being offered. They must also conform to the rules of the state and municipalities in which they are located. Make sure you understand the rules of the specific auction you’re interested in before you bid. If the homeowner doesn’t pay the amount due or work out a repayment deal with their lender and has exhausted all options, the lender can put the home up for auction. The auction is then run by a trustee hired by the lender, a sheriff or the taxing authority.

Although it is perfectly fine to show up to a live auction to check it out if you are planning on bidding, you will need to complete a registration, including submitting financial documents. Whoever is the winning bidder must have the necessary funding and be accepted by the lender or the government. With this type of property auction, there will usually be starting bid or opening bid.

How Much Should I Bid?

Retaining the services of an inspector or an appraiser is a move worth considering. A bargain can be tempting but buying a home at auction is generally a pretty risky endeavor. The good news is that there are lots of other ways to buy properties. Contact a real estate agent in your area and discuss what you’re looking for. They’ll be able to guide you away from pitfalls and into your new home.

Bridging loans for auction are available between 3-18 months, and usually, you can borrow up to 70-75% loan, to the value of the property. Shop lenders and select the best loan for your needs, unless you plan to pay cash for the property. Read the auction listing and any required state and federal real estate disclosure documents for the property. Disclosure reports include lead paint and any damage to building or systems for structures, and the source and quality of the water and the availability of a sewer system on the property up for auction. In some states, the previous owner can get their home back either by suddenly bringing their payments current or working out a credible repayment plan with the lender.

Mortgages & Remodeling

It could also work if you borrowed money from friends or family to make the initial purchase of an auction property and need to repay those loans. If house auctions aren’t for you, consider the manyfirst-time homebuyer programs out there. Through them, people with small down payments or lower credit scores can get low-cost mortgages. Then if you win an auction, you’ll probably have to pay for the home in full with cash or cashier’s check.

Auction dates are advertised in New York City newspapers and are posted in each county's Sheriff's and Clerk's offices. Further details are given on the SA Home Loans section of this site for the process to follow in order to purchase these properties. One of the options available to the beneficiaries of the estate is to sell the bonded property. Once the estate is formally reported, the Master of the High Court appoints the Executor who is responsible for administering the estate including disposing of the property. This happens once the borrower has defaulted, and SA Home Loans purchases the property at the Sale in Execution because the reserve price was not achieved.

Quite often, houses in an auction also take place right on the property. It’s best to check the property beforehand as normally, auction houses will need work doing to them. See if you can have a viewing of the property beforehand to check what needs doing and if it would be worth using an auction bridging loan for. When it comes to buying a property at auction, they are multiple ways of doing this and auction bridging loans is one. Buying property at an auction offers the possibility of finding a real deal, but it also means you'll need to have your financing in place before the gavel goes down at the end of the bidding. There are many different reasons a home ends up at auction, but usually it’s because the homeowner started having financial problems.

From a lender’s vantage point, removing the investment property from the books saves them the hassle of managing a foreclosed home. For a government agency, an auction allows them to recover taxes and maintenance expenses. Most auctions have very strict rules about how you can pay for your purchase, and they almost always involve cashier’s checks or cash. In a confirmation auction, the lender has the choice to accept or not accept the winning bid .

Outstanding municipal tax and society dues

In short, you may overbid if you don’t understand how investors bid on auction properties. Sellers generally prefer blind bids, even if it reduces competition. You’ll have to make a bid without knowing how others are bidding.

Bidders should check with the auction company to ensure that the property has a clear title. If you do win an auction, you’ll want to buy title insurance during escrow or immediately after closing to protect yourself against any liens not uncovered during the title search. “Non-public comments are important because they specify critical information impacting sale price and days-on-market,” says White. This information can cover property defects, financing options, occupancy, and tenant leases. The benefits of buying at auction include expanding your options and possibly purchasing at a discount.

For example, in Massachusetts, where I am located, the primary means of foreclosure is non-judicial . You give your credit card information and make a deposit that will be refunded if you do not win the auction. There could be substantial issues with the house that are not readily apparent. Some of the more expensive components of a home, such as plumbing, heating, and electrical systems, may have been damaged. In many instances, the person being foreclosed on has lost their home because of financial difficulties and has not had the money to keep up with general maintenance. You can’t go into a foreclosure property most of the time because they tend to be occupied.

Motivated buyers need to make a bold bid upfront instead of taking a wait-and-see approach. However, before placing that winning bid and counting on your preapproval to guarantee you financing, make sure you are aware of the fine print of financing auction property. This is a public auction of a bonded property by the Sheriff of the Court. Once you get the title then you can feel free to improve the property, get a home improvement loan or line of credit or even put it up for sale if you’re looking to flip the property. You should also do a full inspection of the property so you know exactly what problems you need to deal with before moving in or flipping the property.

How Do House Auctions Work?

If you’re lucky, they will be in the mood to share some information with you. You can learn more here about why some homes posted for sale on Zillow are not actually for sale. Houses at auction quite often are publicized in local newspapers on multiple occasions. Without a doubt, most people conjure up images in their minds of getting the deal of the century at an auction. While there is certainly the possibility of that happening, it is not always the case. Her articles have appeared in publications for Oxford and Harvard University presses and research publishers, including Facts On File and ABC-CLIO.

A tax deed is a legal document granting ownership of a property to a government body when the property owner falls into arrears on property taxes. Real estate owned is property owned by a lender—usually a bank or government entity—after an unsuccessful sale at a foreclosure auction. Avoid the urge to start renovations or move into the property immediately after getting your certificate of sale.

How to get home loan finance and buy property on auction Finance, Advice

Table of Content

Come With Cash to a House Auction
Property Tax Default Auctions
Buying a House at Auction with a Mortgage in 3 Easy Steps
After You Win At Auction, The Property Could Revert To The Previous Owners
Can You Buy A House At Auction Without Cash?
Pay your dues hassle free with quick and smart online payment options

It could be more advantageous simply to offer them several thousand dollars upfront to move out and hand over the keys. While rules vary by location, MLS and county records are often only available to real estate licensees, according to White. In his experience, they are usually happy to help free of charge if you contact them. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Online auctions allow Realtors to make a commission from the sale, so they are likely to be more motivated to assist you in your research.

Auction finance can be pre-agreed and therefore, when the bid is won at auction, it can quickly move onto the next stage as you already have an agreement in place with the bridging lender. This is great if you want to move on with the process quickly when using an auction bridging loan. Order and pay for a preliminary title report for the property and visit the county or city tax and assessor offices to research the records for your potential property.

Come With Cash to a House Auction

If you’re going to be living there, you aren’t going to be concerned if the market takes a downturn in the short run because you plan on living there for the foreseeable future. If you can buy that house at $200,000 , you’ll break even, because after the repairs, you could sell it for $250,000, assuming that the market doesn’t take a downturn in the interim. Keep in mind that with $200,000 in cash at your disposal, you have several other, less risky options available to you. When you buy a property as-is, you are agreeing to accept the home in whatever condition it is at the time of purchase.

You could end up responsible for tax liens or back taxes if you’re not careful. With less competition, the winning bidder could end up very happy with an absolute auction. They are open to anyone interested in attending, although you will need to register to make a bid on a property. You will also need to demonstrate to the auction that you have the financial means to purchase a home – the total purchase price – before you can bid.

Property Tax Default Auctions

Your purchase will always be subordinate to the first lien, which could foreclose and wipe out all subordinate liens. Even the best-kept home can harbor serious problems within its walls. If you are very experienced in home improvement matters, you might be able to get clues to the condition of the property from the street or sidewalk. If you’re not, you’ll have no clear idea what you’re taking on when you bid on a home. Sellers choose the bidding arrangements they want to try and increase the purchase price.

She holds a bachelor’s degree in journalism with an emphasis in political science from Michigan State University, and a master’s degree in public administration from the University of Michigan. Based on the information you have provided, you are eligible to continue your home loan process online with Rocket Mortgage. In the area, learn about the property’s history, and even help you get a preliminary title report. But if you know exactly when to walk away, you will avoid overpaying for an auction property. Title with your name on it, which usually takes about 10 days after the auction ends, you have no guarantees. You can drive by a house but trespassing on the property is illegal and unsafe – even if you did see them do it on a house-flipping reality TV show.

Buying a House at Auction with a Mortgage in 3 Easy Steps

Auction properties often do not allow a home inspection or any legal way to view the interior in person. If you can’t afford the risk of buying a property in poor condition, stick with auctions that allow you to inspect the property before bidding. Without this information, it can be hard to know what you are getting into, what a property’s repair costs will be, and its true value until after you become the owner.

Once you’re approved, you then need to wait for your loan money to come through which can take up to 2 weeks. Obtain a legal pack from the auction, which will tell you about the deeds and property information. Make sure there are no outstanding issues with the property you’re looking at purchasing. Bridging loans, which can also be known as a swing loan or caveat loan, are types of short-term loans that are usually taken out for several months. Check the laws in your state to avoid having to walk away from the property you were so close to owning. You can get some information just by taking a close look at the house.

After You Win At Auction, The Property Could Revert To The Previous Owners

You won’t be able to get a proper inspection before buying the home, so you could end up with property damage or problems you didn’t anticipate. You could also get stuck with back taxes that weren’t accounted for upfront. Apply online for expert recommendations with real interest rates and payments.

The sole difference lies in the fact that buyers should get preapproved first before partaking in an auction. If you are still unsure of which path to take, you can always hire a financial adviser that can provide the necessary professional guidance. This will provide details of similar properties recently sold in the area and the actual prices achieved. There have been countless books written and real estate workshops offered that extol the virtues of buying properties through the auction process, because it is possible to get a tremendous bargain. If you’re looking for a home, you might be comfortable with breaking even. Maybe there were no other affordable homes aside from the foreclosure fixer-upper in that neighborhood, and it’s in the school district you want your kids to attend.

There are many different types of auctions, including an absolute auction and a lender confirmation auction. Specific auction companies will be in charge of selling auction properties. The auction company and their contact information will be part of the information provided in the auction advertisement. Lenders want to get as much as they can for homes that borrowers have defaulted on, and auctions offer a convenient way to accomplish this goal. With such small precautions, you may be able to purchase property under auction successfully and sometimes cheaper as well. Deposit cash, if required by the auction company, to allow you to bid at the auction.

In many cases, house auctioneers won’t allow you to inspect a home before you bid on it. So if you win the bid, you’re stuck with the property regardless of its condition. Before bidding at a real estate auction, you should understand the risk you are taking. You also need to understand the auction’s rules and be prepared to follow them before trying to participate. The best way to assess an auction property is to work with real estate agents, appraisers, and contractors.

Buying A House At Auction: A Guide

Table of Content

Things To Ensure Before Using An Auction Bridging Loan
Search For Properties Before You Go to an Auction
Live House Auctions
How Much Money Do I Need to Buy a House for Investment in 2019?

House auctions generally involve the sale of foreclosed homes at possibly below market value. They can serve as a low-cost gateway to homeownership but home auctions also involve plenty of risks. Many times, you won’t actually get to step inside the home before bidding on it. You also may be hit with hidden auction fees that could throw off your budget. It’s important to understand how real estate auctions work, where to find them and what you need to know before putting in a bid. When you’re ready to buy, afinancial advisor can help you determine how much house you can afford as well as help you plan for other big financial goals.

Most home buyers who place the winning bid at a real-estate auction pay cash, but they do have financing options. Many buyers bidding for homes in auctions are surprised to learn they can get mortgage financing instead of paying all cash. Delayed financing loan, you pay for your home upfront, as in the case of an auction purchase, and then immediately refinance the home to take the equity back out, presumably to buy more houses.

Things To Ensure Before Using An Auction Bridging Loan

The possibility of finding a solid long-term real estate investment from buying a house at an auction is pretty good. With both live auctions and online auctions, the opportunities for finding a promising investment have never been better. When it comes to using a bridging loan at auction, there are different types available. With the loan, available from 2 weeks up to 18 months, you can use this time to get the property renovated and ready for rent or sale and have the security of the property through a bridging loan.

It’s a great idea if you want to renovate a property to then rent or sell it as you have the time to do this. Complete the loan application, pay any application fees and submit personal financial documents and paperwork on the property to qualify for a loan for the property. Most people pursue this option because there is the potential of finding a really great deal. You could find a diamond in the rough that could become a nice home, often at a discount.

Search For Properties Before You Go to an Auction

There are a lot of ways to get out of a normal home purchase contract but once you buy at auction the house is yours, even if you inspect it later and don’t like what you find. Here are some important tips to keep in mind when you’re approaching any home auction. When a homeowner misses several months of mortgage payments, the bank or other lender can place the property under foreclosure and move to get the tenants evicted. It then places the home in a foreclosure auction,which is held by bank-hired trustees. The lender hopes to recoup what is still owed on the mortgage but often gets less. Auction properties rarely provide potential buyers with the same level of access as traditionally sold properties.

Live House Auctions

But before going through with a home auction, make sure you consult your fiduciary financial advisor, as there are risks involved. Finally, make sure to thoroughly review all the auction rules and conduct due diligence on the property before you bid. Seek the counsel of a real estate attorney—ideally one experienced with foreclosure sales—to make sure you understand what your responsibilities and liabilities will be if you are the winning bidder. If you are interested in trying to pick up a bargain property at an auction, there is a lot to learn.

The owner could pay off the loan or file an objection to the sale. You may show up to find out the auction has been canceled due to the borrower paying the lender or selling the home as a short sale. So be sure to check the details once more before you head to the auction. I have witnessed plenty of foreclosed homes where the owner has taken out their anger on the property. I’ve been in a few foreclosures where the entire kitchen was removed!

At an auction, the successful bidder must pay at least 10 percent of the bid price (but not less than $2,000). Cash, money orders, and certified checks are accepted for payment. As much as we exist to find homes for the ordinary South African, there are, however, a small percentage of clients who find themselves unable to honour their repayment obligations due to various factors. We try in many possible ways to find solutions that can allow them to retain their homes. Unfortunately, in some cases, financial circumstances do not allow clients to continue to meet their repayments. These properties may be foreclosed on for SA Home Loans to recoup the outstanding balance on the home loan.

You may face less competition to buy an auction house compared with buying in the traditional way, but you will also be dealing with a different pool of potential buyers—often, experienced investors. Purchasing a house at auction, however, should come with quite a bit of due diligence. Seasoned real estate investors attend most property auctions, so they are not for the uneducated.

Hard money loans do have their drawbacks, though, including much higher interest rates. You would typically only use this kind of financing when necessary or have a quick turnaround time. There is a widespread belief that real estate auctions are strictly cash only. While the structure of auctions does favor cash buyers, getting financing through other methods is entirely doable.

In addition to having little or no access to the home you wish to buy before you bid, you are responsible for doing your due diligence to make sure the title is held free and clear. Get to auctions early or plan to stay after and ask questions of some of the auction company employees or other bidders. Pretty soon, you’ll develop an understanding and a feel for the process. But if you’re an investor, you’ll be much more concerned about short-term real estate market risk. You’ll probably want to discount your bid to take into account a risk that the market will suffer a downturn.