Lake Allatoona Topics: That ten per cent?

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	Name:	Swimmer27 -
	Subject:	That ten per cent?
	Date:	7/29/2008 6:30:47 PM

I don't think the 10% applies to foreclosure auctions that are held on the courthouse steps. The mortgage company hires a 'crier' for a set fee, usually a few hundred dollars. I would think that the auctioneers would be willing to work on the same 5% you can get a realtor to accept. Last time I calculated it, 10% of nothing is nothing. Does anyone know if they get a fee even in a 'no sale' case or do they just have to eat the advertising expenses and such?

Other messages in this thread:

View Entire Thread

Home to be Auctioned - Freshwater Bay Girl - 7/29/2008 9:59:45 AM

Home to be Auctioned - WAKINitUP!! - 7/29/2008 10:18:15 AM

Home to be Auctioned - Freshwater Bay Girl - 7/29/2008 11:26:06 AM

Recent Auction Results here - John C - 7/29/2008 1:22:33 PM

That ten per cent - Council Roc Doc - 7/29/2008 4:30:59 PM

That ten per cent - DaBurglar - 7/29/2008 5:23:04 PM

That ten per cent? - Freshwater Bay Girl - 7/29/2008 5:56:36 PM

That ten per cent? - Swimmer27 - 7/29/2008 6:30:47 PM

That ten per cent? - Harborcon - 7/30/2008 11:47:27 AM

terms and conditions 5% - Kizma Anuice - 7/30/2008 12:42:41 PM

That ten per cent? - Swimmer27 - 7/30/2008 2:52:41 PM

Home to be auctioned - Freshwater Bay Girl - 7/30/2008 5:04:24 PM

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