Zillow Advice: Buying a Foreclosure - at courthouse auction will bank take offer before buyer closes on their property sale? http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ Zillow Advice | Zillow Real Estate I know at our Sheriff Auctions ... http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ I know at our Sheriff Auctions they have to be paid for same day they do not take contingencies. Generally when a bank buys a property back the bank (or the insurer) places the property with an agent should you should have another shot at it hopefully. Sun, 17 Mar 2013 19:17:00 GMT http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ 2013-03-17T19:17:00Z I can't speak for properties ... http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ I can't speak for properties sold at auction, but with bank owned homes, most banks will refuse contracts that include the contingency that the seller has to sell their existing home in order to purchase the bank owned home. Sun, 17 Mar 2013 18:07:00 GMT http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ 2013-03-17T18:07:00Z what i mean is that i have ... http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ what i mean is that i have a contract on my house which is to close before 5/15.&nbsp; at that time i will have the money to close on the auction property, so i would have to make the auction purchase contingent on the closing of my current residence in order to purchase the auction/sheriff sale property.&nbsp; is that clearer or just more confusing? Sun, 17 Mar 2013 17:14:00 GMT http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ 2013-03-17T17:14:00Z I assume you are asking if&nbsp;one ... http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ <p>I assume you are asking if&nbsp;one can buy at a couthouse&nbsp;auction and have that&nbsp;purchase contingent upon the closing of an existing contract to sell another property.&nbsp; If&nbsp;so, the answer is probably not.</p> Thu, 14 Mar 2013 15:45:00 GMT http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ 2013-03-14T15:45:00Z If your asking will the sheriff ... http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ If your asking will the sheriff sale go through before you can get your short sale done then it can happen is the answer. I have had them put off but I have also had them go through with the auction. It depends on timelines, how many times the auction has been put off, whether they believe its a viable offer and a ton of other criteria. Thu, 14 Mar 2013 15:41:00 GMT http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ 2013-03-14T15:41:00Z What do you mean by "before ... http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ What do you mean by "before buyer closes on their property"? What property? At the auction the trustee is selling the property. Thu, 14 Mar 2013 15:24:00 GMT http://www.zillow.com/advice-thread/at-courthouse-auction-will-bank-take-offer-before-buyer-closes-on-their-property-sale/482897/ 2013-03-14T15:24:00Z