First time Auction buyer..


#1

Hi, so my husband and I just bought some property at a auction and after the auction, found out that we have to wait a whole year before we receive the deed and the original owners can buy it back at the amount we paid for it … Instead of what was original owed … Is this normal to have to wait so long and if we begin any work that needs to be done how can we get that money back… It just seems like a long time to wait for the deed and the sale to be final … I get like a 60 day waiting period but a whole year sounds crazy to me …


#2

Sounds like a strange situation. The process of purchasing at the auction can vary depending upon the state you are in.PropertyRadar currently covers AZ, CA, NV, OR, WA. If you are still needing assistance and are located in one of these states, please reach out to Support (support@propertyradar.com).