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FAQs

  • How are properties scheduled in auctions?
  • Will the property have a clear title? 
  • Is there a buyer's premium added to the winning bid at a redemption auction event? 
  • Can I inspect a redemption property prior to sale? 
  • What type of payment is required to purchase a redemption property and when is it due? 
  • Can a redemption property be financed? 
  • Can I bid online on a redemption property?
  • Do I need to register to bid at a redemption auction event? 
  • How long will each redemption auction event last? 
  • What is a redemption auction? 
  • What is the right of redemption? 
  • What is a commercial property and auction event? 
  • What’s the process of purchasing a short sale property? 
  • Are there any additional fees required to purchase a short sale property at a Xome auction? 
  • Do short sale auctions on Xome typically allow for purchase contingencies? 
  • What is the benefit of buying a short sale property? 
  • What is a short sale property auction? 
  • What does REO stand for? 
  • What does due diligence mean (and how do I do it)?  
  • How do I search for bank-owned properties? 
  • Will the property have a clear title? 
  • Is there a buyer’s premium added to the winning bid at a foreclosure trustee auction event?
  • Can I inspect the property prior to an auction event? 
  • What if a foreclosure trustee auction event is cancelled or postponed? 
  • What type of payment is required to purchase a foreclosure trustee property, and when is it due? 
  • Can a foreclosure trustee property be financed? 
  • Do I need to register to bid in a foreclosure trustee auction?  
  • When and where do foreclosure trustee auction events occur? 
  • How long will each foreclosure trustee auction event last? 
  • How can I buy a foreclosure trustee property? 
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