Listing Info
LISTING INFO
Can I register online?
Yes, through the online platform used for the specific auction. It may be required that additional information or paper registration at a site location for a live or physical sale. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale...
Does it cost anything to register or attend the auction?
Most auctions do not charge a fee to attend. The Terms and Conditions of the Auction will dictate the payment, if any. Other forms of verification may take place, such as credit card minimal charge to authenticate identification. For Other Questions About Auctions & Auctioneers...
What do I need to bring to register as a bidder at one of your auctions?
A government-issued ID is required. Check the terms for additional requirements. Verification of the individual bidding will be important to the process. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and...
Can I preview the auction property/items before bidding?
Yes, preview times are usually available. The auctioneer makes the schedule, the property is open for inspections in most cases. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and definitions related to real estate...
What time do auctions start? Auction ends when…
What time do auctions start? Auction ends when... Real estate auctions starting times are scheduled by the Auctioneer. Online Auctions start and end at different times. The Schedule of Events dictate the start of the Auction. Pay attention to each sale. Each sale has a schedule of events. These...
Are auctions only for distressed or discounted properties?
No. Auctions include properties from private individuals, luxury property, residential homes, land and ranch, farm properties, corporations, and estates, not just distressed situations. For Other Questions About Auctions & Auctioneers For all active auctions and properties for...
When do you have auctions?
Auctions are held continuously. Signing up for email alerts is the best way to stay updated. Check the bidding pages at MyersJackson.bid :|: Watch for the RED LIGHTS (reserve not met) and GREEN LIGHTS (reserve met). For Other Questions About Auctions & Auctioneers For all active...
What is a bank letter of credit?
A letter that may be required at some auctions to show you are approved for a certain amount. The bank letter of credit guarantees the bank will pay the amount of money required. The bank letter of credit is a powerful instrument when it comes to guaranteed payment. For Other...
What is a buyer’s premium?
A buyer’s premium is a fee added to your bid price to create the contract price. Buyer’s Premium may be found in other articles within these webpages. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and definitions...
I want to go to an auction. What should I know before I bid?
Understand the terms of the auction and set a budget to avoid getting caught up in the excitement. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other terms and definitions related to real estate auctionsContactGet...
Our Latest Listings
Closing
Closing The process of completing a financial transaction. For mortgage loans, the process of signing mortgage documents, disbursing funds, and, if applicable, transferring ownership of the property. In some jurisdictions, closing is referred to as “escrow,” a process...
Lien
Lien A claim or charge on property for payment of a debt. With a mortgage, the lender has the right to take the title to your property if you don’t make the mortgage payments. Real estate words and definition For other words and definitions related to real...
Clear Title
Clear Title Ownership that is free of liens, defects, or other legal encumbrances. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail:...
LIBOR-Index
LIBOR-Index An index used to determine interest rate changes for certain adjustable-rate mortgage (ARM) plans, based on the average interest rate at which international banks lend to or borrow funds from the London Interbank Market. Real estate words and...
Change Orders
Change Orders A change in the original construction plans ordered by the property owner or general contractor. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale...
Liability Insurance
Liability Insurance Insurance coverage that protects property owners against claims of negligence, personal injury or property damage to another party. Real estate words and definition For other words and definitions related to real estate auctions For all...
Chain of Title
Chain of Title The history of all of the documents that have transferred title to a parcel of real property, starting with the earliest existing document and ending with the most recent. Real estate words and definition For other words and definitions related to...
Liabilities
Liabilities A person’s debts and other financial obligations. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail: 411@myersjackson.com Phone:...
Certificate of Eligibility
Certificate of Deposit A document issued by the U.S. Department of Veterans Affairs (VA) certifying a veteran’s eligibility for a VA-guaranteed mortgage loan. Real estate words and definition For other words and definitions related to real estate auctions For...
Lease-Purchase Option
Lease-Purchase Option An option sometimes used by sellers to rent a property to a consumer, who has the option to buy the home within a specified period of time. Typically, part of each rental payment is put aside for the purpose of accumulating funds to pay the down...
Fixed-Period Adjustable-Rate Mortgage
Fixed-Period Adjustable-Rate Mortgage An adjustable-rate mortgage (ARM) that offers a fixed rate for an initial period, typically three to ten years, and then adjusts every six months, annually, or at another specified period, for the remainder of the term. Also known...
First-Time Home Buyer
First-Time Home Buyer A person with no ownership interest in a principal residence during the three-year period preceding the purchase of the security property. Real estate words and definition For other words and definitions related to real estate auctions For...
Late Charge
Late Charge A penalty imposed by the lender when a borrower fails to make a scheduled payment on time. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet...
Certificate of Deposit
Certificate of Deposit A document issued by a bank or other financial institution that is evidence of a deposit, with theissuer’s promise to return the deposit plus earnings at a specified interest rate within a specified time period. Real estate words and...
Keogh Funds
Keogh Funds A tax-deferred retirement-savings plan for small business owners or self-employed individuals who have earned income from their trade or business. Contributions to the Keogh plan are tax-deductible. Real estate words and definition For other words...
Junior Mortgage
Junior Mortgage A loan that is subordinate to the primary loan or first-lien mortgage loan, such as a second or third mortgage. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and...
Cash-out Refinance
Cash-out Refinance A refinance transaction in which the borrower receives additional funds over and above the amount needed to repay the existing mortgage, closing costs, points, and any subordinate liens. Real estate words and definition For other words and...
First Mortgage
First Mortgage A mortgage that is the primary lien against a property. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet InTouchEmail: 411@myersjackson.com...
Capacity
Capacity Your ability to make your mortgage payments on time. This depends on your income and income stability (job history and security), your assets and savings, and the amount of your income each month that is left over after you’ve paid for your housing costs,...
Jumbo Loan
Jumbo Loan A loan that exceeds the mortgage amount eligible for purchase by Fannie Mae or Freddie Mac. Also called “non-conforming loan.” Real estate words and definition For other words and definitions related to real estate auctions For all active auctions,...