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About Dennis Herman
Expertise
I can answer questions on Real Estate such as question on writing an Offer to Purchase. What can go wrong after an offer is written? What is Buyer Agency and what will it do for me? What is a foreclosure? What is the difference between a foreclosure, a bank owned property and a short sale? What is the best way to locate a property? What steps can be taken to avoid foreclosure? How do Real Estate Agents get paid? How can I quickly build equity in a home? How do I view homes? What types of homes will have the best prices? How do I choose an agent? What types of financing are available?

Experience
Residential and commercial real estate. New home purchases. Buyer Agency. First time home buyers. Foreclosures, bank owned properties, estate sales and short sales.

Organizations
Greater Milwaukee Realtors Association Wisconsin Realtors Association National Association of Realtors

Publications
http://activerain.com/bloghome

Education/Credentials
State of Wisconsin Licensed Real Estate Sales Agent Accredited Buyer Agency Training Relocation Training Certified Senior Citizen Representative Wisconsin Real Estate Continuing Education

 
   

You are here:  Experts > Real Estate > Foreclosure > Foreclosure > buying foreclosed property

Foreclosure - buying foreclosed property


Expert: Dennis Herman - 9/16/2009

Question
Hi, I did not see an expert option that related to property up for auction after foreclosure, so if you can't help I understand. There is a land auction coming up soon and there is a house, barn and work shed included. The sign says it will be sold in tracts. Does that mean one person might get the bit of land with the house and another get the area with the barn? How much could I expect to spend? Resaca,Georgia. Can each person decide how many acres are going to be in their tract, or is there a plan already set?

Answer
Auctions are not a part of my business plan.  There are no provisions in an auction which allow me to be compensated for my time.  

You should contact the company responsible for the auction for information.  They should have the information available.  You should also ask them the arrangements for paying at the auction.  I have heard all sales have to be paid at the end of the auction in either cash or certified funds.  Make sure you have the adequate paperwork for certified funds.

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