[WSBARP] Bidding at nonjudicial foreclosure auction

[Craig Blackmon]

Listmates, a client has a couple of “practical” questions about bidding on
a property at the nonjudicial auction.  The specific answers are in the
RCW, but I don’t have any experience with how these things work in
practice:

1)      Would it raise any eyebrows or likely cause any problems if the
owner/debtor bid on the property (assuming of course the opening bid is
less than the debt)?

2)      How do folks bring “cash” to the auction?  As I recall, some
people bring several cashier’s checks in various amounts?  Some other
option?

Your insight as always is deeply appreciated.

 

Craig

 

Craig Blackmon

Attorney at Law

 <http://lawhg.net/> Holmquist & Gardiner, PLLC

1000 2nd Ave, Ste 1770 Seattle, WA  98104

Main: (206) 438-9083   Direct:  (206) 438-9295   

Cell: (206) 369-5949   Fax: (206) 694-4601

 

Founder and Designated Broker,
<http://quillrealty.com/quill-realtys-mission-statement/> Quill Realty

 <http://quillrealty.com/category/lawyers-reduce-risk/> Every transaction
has risk. A lawyer reduces it.

 

 

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