LISTING INFO
What if I am a broker?
Licensed brokers can earn participation fees by registering clients in advance in accordance with the Terms and Conditions of Sale. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and definitions related to real...
I cannot make it to the sale in person. Can I bid online? If so, how?
Many auctions offer online or telephone bidding. Check the auction terms for details. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and definitions related to real estate auctionsContactGet InTouchEmail:...
If I scratch my nose, stretch, or wave at a friend, will the auctioneer think I’m bidding?
It’s possible, but skilled auctioneers can recognize true bids. Auctioneers are trained to seek bids but verify authenticity. For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and definitions related to real estate...
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...
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Escrow Account
Escrow Account An account that a mortgage servicer establishes on behalf of a borrower to pay taxes, insurance premiums, or other charges when they are due. Sometimes referred to as an “impound” or “reserve” account. Real estate words and definition For other...
Escrow
Escrow An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the deposit by a borrower with the lender of funds to pay taxes and insurance premiums when they become due, or the deposit of...
Equity
Equity The value in your home above the total amount of the liens against your home. If you owe $100,000 on your house but it is worth $130,000, you have $30,000 of equity. Real estate words and definition For other words and definitions related to real estate...
Equal Credit Opportunity Act (ECOA)
Equal Credit Opportunity Act (ECOA) A federal law that requires lenders to make credit equally available without regard to the applicant’s race, color, religion, national origin, age, sex, or marital status; the fact that all or part of the applicant’s income is...
Foreclosure
Foreclosure A legal action that ends all ownership rights in a home when the hoebuyer fails to make the mortgage payments or is otherwise in default under the terms of the mortgage. Real estate words and definition For other words and definitions related to real...
Encumbrance
Encumbrance Any claim on a property, such as a lien, mortgage or easement. 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:...
Encroachment
Encroachment The intrusion onto another’s property without right or permission. 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:...
Employer-Assisted Housing
Employer-Assisted Housing A program in which companies assist their employees in purchasing homes by providing assistance with the down payment, closing costs, or monthly payments. Real estate words and definition For other words and definitions related to real...
Easement
Easement A right to the use of, or access to, land owned by another. 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...
Flood Insurance
Flood Insurance Insurance that compensates for physical property damage resulting from flooding. It is required for properties located in federally designated flood hazard zones. Real estate words and definition For other words and definitions related to real...
Flood Certification Fee
Flood Certification Fee A fee charged by independent mapping firms to identify properties located in areas designated as flood zones. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and...
Buydown Account
Buydown Account An account in which funds are held so that they can be applied as part of the monthly mortgage payment as each payment comes due during the period that an interest rate buydown plan is in effect. Real estate words and definition For other words...
Buydown
Buydown An arrangement whereby the property developer or another third party provides an interest subsidy to reduce the borrower’s monthly payments typically in the early years of the loan. Real estate words and definition For other words and definitions related...
Building Code
Building Code Local regulations that set forth the standards and requirements for the construction, maintenance and occupancy of buildings. The codes are designed to provide for the safety, health and welfare of the public. Real estate words and definition For...
Broker
Broker An individual or firm that acts as an agent between providers and users of products or services, such as a mortgage broker or real estate broker. See also “Mortgage Broker.” Real estate words and definition For other words and definitions related to real...
Bridge Loan
Bridge Loan A short-term loan securedby the borrower’s current home (which is usually for sale) that allows the proceeds to be used for building or closing on a new house before the current home is sold. Also known as a “swing loan.” Real estate words and...
Bona fide
Bona fide In good faith, without fraud. 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: +1-844-400-2828 Phone...
Biweekly Payment Mortgage
Biweekly Payment Mortgage A mortgage with payments due every two weeks (instead of monthly). Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet...
Before-tax Income
Before-tax Income Income before taxes are deducted. Also known as “gross income.” 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:...
Bankruptcy
Bankruptcy Legally declared unable to pay your debts. Bankruptcy can severely impact your credit and your ability to borrow money. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and...