Depending on why it is being sold and who is selling, there could be lots of risk to minimum risk. Auctions are not always such a great deal. At an auctin in the Toluca Lake area of Burbank recently a house with a starting bid of $297,000 went for $605,000 and then it has to to go to probate court for approval and the first overbid is $635,000. Likely it will sell for a little higher.
May 16, 2009