Real Estate Auction - Posted by Andy

Posted by Andy on July 17, 2007 at 15:26:10:

A local auction company is going to be auctioning an 8 unit in late august. For the right price, i’m interested in the building. Outside of the normal due diligence that needs to be done on a property, what additional things should I be verifying because its being sold at auction.

The auction company said its a trust sale. They are dealing with the bank. The owner is deceased.

This is the first auction property i’ve considered purchasing. The property is in Missouri.