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James Nellis is Your Auction property Resource for NE

Auction property


NE

*An affiliate of the "Nellis National Real Estate Lists" - a network of top real estate agents dedicated to providing home buyers & sellers the best resources and services to make your dreams come true!

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Buying or selling a home is the largest, and one of the most personal and important transactions of your life. You deserve the absolute best real estate experience which means you need the best real estate professionals.

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FEATURED Auction property

IN NE

As foreclosure rates come to record levels, more sellers are converting to auction sales as a way to keep away from foreclosure. So, how does it work? An auction home means the seller organizes with their auction realtor and accepts a price that's less than the amount that they owe on the property. As part of this agreement, the lender typically agrees to eliminate the rest of the loan. As a result, the seller doesn't have to go through a foreclosure, the buyer picks up an auction sale property in NEBRASKA at a discounted amount, and the lender avoids taking on the stress of unloading the property. Sounds good right? Well, sellers selling auction housing in NEBRASKA need to know that an auction sale may hurt their credit, though probably not as significantly as a foreclosure. Also, lenders generally will only approve an auction sale if the seller is numerous payments behind and has received a default notice. Buyers may get a great auction property for sale in NEBRASKA at a discount, but they also will need to go through some extra paperwork as well. Not to mention, they also need to be ready to roll up their sleeves if that new auction real estate requires quite a bit of fixing up. Auction properties in NEBRASKA are for sale at a price lower than the amount owed on the mortgage. Property owners hope to sell their home as an auction town home to avoid penalties involved with going into foreclosure. What can make it complicated to buy an auction property is that there are often two mortgages on the home and both the lenders must approve the sale. The possession of the mortgages on an auction home usually belong to more than one individual, so you'll likely have to persuade multiple banks and lenders to take a loss on their initial loan. This is why it often takes so long to get the authorization on an auction sale offer. If the auction sale fails and the homeowner can't manage to pay his mortgage, then the bank forecloses on the home. Auction condos and properties are still owned by the home-owner, while foreclosures are owned by banks. If an auction home for sale cannot be sold in time, the bank starts foreclosure to try to sell the home directly, often in an auction. If the auction fails to turn up a buyer prepared to pay at least what the bank was owed on the home, the home becomes Real Estate Owned (REO), where the owner is the bank. The bank then commonly sells the property through a real estate agent. If you still plan to make an offer on an auction sale, be ready for a long haul. In the meantime, we suggest that you keep touring and considering other properties in case the auction sale doesn't go through. Keep in mind that even if your offer is acknowledged, the banks will usually ask you to buy the home as-is and won't cover for any repairs discovered by an inspect
$1,200,000
4 Baths
5 Beds
3400 Area
3car Garages
$450,000
4 Baths
4 Beds
2200 Area
2car Garages
$525,000
2 Baths
3 Beds
1600 Area
1car Garages
$695,000
3 Baths
4 Beds
2000 Area
2car Garages
$575,000
3 Baths
3 Beds
1900 Area
2car Garages
$750,000
4 Baths
4 Beds
3000 Area
3car Garages

Cities we serve:


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Cool Junction, NE img Mcgrew, NE img Mclean, NE img Mead, NE img Meadow Grove, NE img Melbeta, NE img Memphis, NE img Merna, NE img Merriman, NE img Milford, NE img Miller, NE img Milligan, NE img Mills, NE img Minatare, NE img Minden, NE img Mitchell, NE img Monroe, NE img Moorefield, NE img Morrill, NE img Morse Bluff, NE img Mullen, NE img Murdock, NE img Murray, NE img Naper, NE img Naponee, NE img Nebraska City, NE img Nehawka, NE img Neligh, NE img Nelson, NE img Nemaha, NE img Nenzel, NE img Newcastle, NE img Newman Grove, NE img Newport, NE img Nickerson, NE img Niobrara, NE img Norfolk, NE img North Bend, NE img North Loup, NE img North Platte, NE img Oak, NE img Oakdale, NE img Oakland, NE img Oconto, NE img Odell, NE img Odessa, NE img Offutt A F B, NE img Ogallala, NE img Ohiowa, NE img Omaha, NE img Oneill, NE img Ong, NE img Orchard, NE img Ord, NE img Orleans, NE img Osceola, NE img Oshkosh, NE img Osmond, NE img Otoe, NE img Overton, NE img Oxford, NE img Page, NE img Palisade, NE img Palmer, NE img Palmyra, NE img Panama, NE img Papillion, NE img Parks, NE img Pawnee City, NE img Paxton, NE img Pender, NE img Peru, NE img Petersburg, NE img Phillips, NE img Pickrell, NE img Pierce, NE img Pilger, NE img Plainview, NE img Platte Center, NE img Plattsmouth, NE img Pleasant Dale, NE img Pleasanton, NE img Plymouth, NE img Polk, NE img Ponca, NE img Potter, NE img Prague, NE img Primrose, NE img Purdum, NE img Ragan, NE img Randolph, NE img Ravenna, NE img Raymond, NE img Red Cloud, NE img Republican City, NE img Reynolds, NE img Rising City, NE img Riverdale, NE img Riverton, NE img Roca, NE img Rockville, NE img Rogers, NE img Rosalie, NE img Roseland, NE img Royal, NE img Rulo, NE img Rushville, NE img Ruskin, NE img Saint Edward, NE img Saint Helena, NE img Saint Libory, NE img Saint Paul, NE img Salem, NE img Sargent, NE img Saronville, NE img Schuyler, NE img Scotia, NE img Scottsbluff, NE img Scribner, NE img Seneca, NE img Seward, NE img 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Zip Codes for NE

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