Mid-Atlantic Auctioneers, LLC

DISCLAIMER: Answers to these questions are answered to the best of the auctioneer's ability, but are not guaranteed to be the absolute final answer. You would be wise to consult an attorney specializing in real estate and/or foreclosure law.

Should I buy a property at auction?	What are the risks involved in buying property at auction?
If an owner is selling his property at auction, doesn't that mean he is in financial trouble?	Why is the auction method the best way to sell property?
Why do a lot of houses go begging for buyers or are sold for a low price?	Where are foreclosure sales advertised?
If you are selling a house at foreclosure, should I consider bidding on it?	What is a "Trustees" or "Substitute Trustees" sale?
Your legal ad looks different than the contract I signed for my house. Why?	If I decide I don't want the house after I bid, can I get my deposit back?
How long before I have to settle?	Is it possible to buy at auction with no money down?
How do I arrange to look at a property?	I just bought a property at auction; the trustee didn't give me a key. Why not?
What if the debtor is still living in the property?	Once I've purchased a property at auction, does the owner have the right to bring a property current before settlement with me?
If for some reason the Circuit Court should rule that a sale is invalid, do I lose my deposit?	How can I find out what is owed on the property?
What about other liens and judgments against the property?	The deposit amount in the advertisements states "cash or certified check". No personal checks, credit cards, etc.?
What does it mean if a property is crossed off on a recently dated upcoming sales list? Does it mean the property was sold at auction?	How do I find the liens on the property?
There is a house that has been listed in the paper for foreclosure and will be auctioned in two weeks. Is there anyway an investor can purchase the house prior to the auction?	Does the auctioneer set an opening bid and can this be construed to be the minimum bid?
Will you disclose a lender's bid on a property prior to the auction?	Will you accept personal check with proof of funds?
Are the deposits always reflective of 10% of the loan amount?	Is there any location or way that I can get results of your courthouse auctions?
Can you automatically email weekly/daily on new properties going to foreclosure or do I have to check your site all the time?	If a member of my family is going through a sale of their property at an auction on the court house steps can I purchase that property and allow them to remain on it?
What are the increments the auctioneer goes up during the auction process. Is it $500 at a time or $1000 at time?	Should I talk to my attorney about the whole process?

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