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The 3 houses I am interested in are all in forclosure and possible auction. How do I go abou

  • June 10 2013 - Edmonds
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Answers (4)

Best Answer

Hi there,
We'd probably need to see the addresses to give you the best answer, but in general:

- If they are currently listed as short sales and have an auction date set, you should be able to submit an offer now and have the auction pushed back.
- If they are currently scheduled for auction, you can attend at the Snohomish County Courthouse (assuming the properties are in Edmonds). Auctions are on Fridays. Keep in mind that many of these homes get pushed back (the seller files bankruptcy or comes up with money to delay the process) or the minimum bid is higher than what the house is actually worth (this is not uncommon). You will need to have cash to purchase at auction.
- If they have already been offered at auction, didn't sell, and are now Bank Owned - then the property is likely being prepped for market...so just hang tight, keep a close eye, and it will probably be listed on the market soon. In general, banks will not look at offers until they are listed on the MLS per internal policies (and to expose it to the market/highest offers).

Hope that helps and best of luck!
Ryan Halset | Realtor
Serving North King and South Snohomish Counties
  • June 10 2013
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Sure thing! The process can be quite daunting (and information difficult to find) regarding these types of homes. That was just a quick general overview - don't hesitate to let me know if you have any other questions!

Best Regards,
Ryan Halset | Realtor
Serving North King and South Snohomish Counties
  • June 10 2013
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Thanks for the information Ryan. I have never run into this before so had no idea how it worked.
  • June 10 2013
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I'd need to know the addresses and auction company to help you further.  There are so many different answers to your questions as it is individual house/condo dependent.  
Feel free to give me a call and I can explain and help you. 

Judy Cunningham
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Your Zillow Premier Agent
  • June 10 2013
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