LISTING INFO
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...
How do I become an auctioneer? What’s the path for starting the career?
Start by practicing the chant and improving over time. Schools in Iowa, Montana, Texas, Ohio, Indiana, and Florida offer professional auctioneer training For Other Questions About Auctions & Auctioneers For all active auctions and properties for sale For other words and...
Our Latest Listings
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...
Balloon Payment
Balloon Payment A final lump sum payment that is due, often at the maturity date of a balloon mortgage. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet...
Balloon Mortgage
Balloon Mortgage A mortgage with monthly payments often based on a 30-year amortization schedule, with the unpaid balance due in a lump sum payment at the end of a specific period of time (usually 5 or 7 years). The mortgage may contain an option to “reset” the...
Balance Sheet
Balance Sheet A financial statement that shows assets, liabilities, and net worth as of a specific date. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet...
Assumption Fee
Assumption Fee A fee a lender charges a buyer who will assume the seller’s existing mortgage. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet...
Assumable Mortgage
Assumable Mortgage A mortgage loan that can be taken over (assumed) by the buyer when a home is sold. An assumption of a mortgage is a transaction in which the buyer of real property takes over the seller’s existing mortgage; the seller remains liable unless released...
Assignment of Mortgage
Assignment of Mortgage A document evidencing the transfer of ownership of a mortgage from one person to another. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale...
Warranties
Warranties Written guarantees of the quality of a product and the promise to repair or replace defective parts free of charge. Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and...
Walk-Through
Walk-Through A common clause in a sales contract that allows the buyer to examine the property being purchased at a specified time immediately before the closing, for example, within the 24 hours before closing. Real estate words and definition For other words...
VA Guaranteed Loan
VA Guaranteed Loan A mortgage loan that is guaranteed by the U.S. Department of Veterans Affairs (VA). Real estate words and definition For other words and definitions related to real estate auctions For all active auctions, and properties for sale ContactGet...
Veterans Affairs (U.S. Department of Veterans Affairs)
Veterans Affairs (U.S. Department of Veterans Affairs) A federal government agency that provides benefits to veterans and their dependents, including health care, educational assistance, financial assistance, and guaranteed home loans. Real estate words and...
Unsecured Loan
Unsecured Loan A loan that is not backed by collateral. 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:...
Uniform Residential Loan Application
Uniform Residential Loan Application A standard mortgage application you will have to complete. The form requests your income, assets, liabilities, and a description of the property you plan to buy, among other things. Real estate words and definition For other...
Underwriting
Underwriting The process used to determine loan approval. It involves evaluating the property and the borrower’s credit and ability to pay the mortgage. Real estate words and definition For other words and definitions related to real estate auctions For all...
Two- to Four- Family Property
Two- to Four- Family Property A residential property that provides living space (dwelling units) for two to four families, although ownership of the structure is evidenced by a single deed; a loan secured by such a property is considered to be a single-family...