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Q.What
is a Bid and Assume?
A. We offer financing
on some of our properties and this is called Bid and
Assume auctions. With this type of auction, the bidding
is for the Down payment only and you are assuming
the balance amount as stated on the auction page.
The winning amount or down payment does not get subtracted
from the balance loan amount.
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Q.
Who owns the properties being sold at auction?
A. These properties
are owned by the individuals or companies who offer
them. If a real estate agent or broker is representing
a seller, they must disclose this within the auction
listing. No listing is owned by this website, but
many listings are owned by the person who operates
the website.
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Q.
How are properties offered on this website first acquired?
A. Most of the properties
offered on this site are acquired from various county,
city or state agencies throughout the United States.
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Q.
Are there any liens on the properties?
A. Most properties offered
for sale on this website have no liens against them,
but a few have financial liens against them at the
time they are offered for sale. However, when the
property is deeded to the purchaser, any such lien
is paid off prior to deeding so the buyer receives
free and clear title with no liens.
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Q.
Should buyers personally inspect property before making
a bid?
A. Yes, prior to placing
a bid, every buyers should inspect each property and
perform all of their due diligence.
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Q.
Can buyers receive a refund if they change their minds
after making a purchase?
A. Governmentauction.com
prides itself on customer satisfaction. All properties
are listed for a 7 day period thus allowing the bidder
time to perform their research and due diligence prior
to the close of bidding. Bidders are encouraged to
make all inquiries within that time and not to place
a bid unless and until they are confident and comfortable
in doing so, understanding as bidders must, that to
place a bid is a binding contractual offer. The winning
bid means necessarily that the winner has a binding
contract to purchase the property for the amount set
forth in the bid. This process is greatly different
from one where the buyer is high-pressured after a
3 hour sales presentation into saying "yes"
and therefore requires a refund period to "cool
off." Just the opposite with Governmentauction.com
- where there is no pressure to buy, and every opportunity
to inform oneself about the property being bid upon.
Thus, under these circumstances, refunds cannot be
honored unless a problem develops where a property
cannot be conveyed to the winning bidder free and
clear of financial liens.
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Q.
How can buyers find out more information about the
lots they wish to purchase?
A. We always encourage
buyers to call the county or state agency in which
the property is located.
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Q.If
I'm the winning bidder, what's next?
A. After
the auction has closed, you will be emailed payment
instructions and Vesting information requirements.
It is your responsibility as a buyer to provide us
in a timely manner the VESTING information such as
the FULL NAMES (NO INITIALS ALLOWED), address, marital
status and Tenancy for the Title of the property.
As soon as we receive your payment and vesting information,
we will begin processing your paperwork, it takes
approx. 14-21 days to document all paperwork. We use
FEDEX or UPS (if a PO Box) to deliver your paperwork..
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Q.
How long do I have to pay for my property?
A. We allow 5 days from
the date the auction has closed..
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Q.
What forms of payment do you accept?
A. Credit cards thru
Paypal only, money order, cashiers check and wire
transfer. Please do not send CASH in the mail. When
you send your payment, please include the auction
item no. or auction ID.
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Q.
How do I pay for my property?
A. Choose your form
of payment and do one of the following:
1.
Mail your check to us.
OR
2. Pay Online thru Paypal
(This will be explained in detail in the notification
we email to you)
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Q.
How long does it take to get my paperwork and to be
the official owner?
A. All paperwork will
be FEDEX'd to you within 14-21 days upon receipt of
payment. Once you receive the paperwork you are the
official owner.
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Q.
What if there is a problem such as the paperwork or
deed gets lost?
A. USALandAuction.com
guarantees each piece of property that we sell. We
will do
whatever is necessary to insure a perfect transaction
for you.
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Q.
What if I want to finance a property?
A. We finance only those
specifically offered with financing in the selling
Terms.
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Q.
Who qualifies for financing?
A. Everyone! We don't
even do a credit check. If you have A+ credit or no
credit we
don't discriminate. We'll finance anyone. Note: Many
people with a bad credit rating
use us as a stepping-stone to a good credit rating.
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Q.
How do I pay my monthly payment?
A. Through any of our
payment options which include Visa, MC, Discover and
AMEX thru Paypal, money order, cashiers check, wire
transfer. Please do not send CASH in the mail..
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Q.
What is the Reserve price?
A. The Reserve price
is the price we're willing to sell the property or
item. We cannot disclose the Reserve price while the
auction is still open however, if you're interested
to make an offer after the auction has closed and
the Reserve price was not met, email us at info@usalandauction.com
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Q.
What do you do with my $199 processing fee?
A. The $199 takes care
of the paperwork: Deeds, contracts, etc. plus the
processing fee also includes the shipping and handling.
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Q.
Do you have a mailing list that I may be on for future
properties or special good
buys?
A. Yes, to be inlcuded
on our mailing list click
here
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Q.
Are you a U.S. Government agency?
A. No. We are a private
company. We invented the name usalandauction.com
based on the fact that we purchased land from different
government agencies and we have been in the business
for more than 20 years buying land from County and
States agencies
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Q.
Where are you located?
A. Our office is located
in Tehachapi, CA.
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Q.
Can I buy from you even if I live in a foreign country?
A. Yes. We have sold many properties to foreign nationals.
We have customers from United Kingdom, Germany, Canada
and as far as Korea and Malaysia.
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