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Questions and Answers / Re: Anyone go to the Huntsville opening

« on: November 25, 2010, 11:23:28 PM »

Interesting that you pose the question re: submitting two bids along with the inquiry about the Huntsville results.  It seems that this may have been the practice on at least one of the properties.  A couple of the sale amounts seem high -- perhaps there is still confusion about the 'assessed' value from MLS not necessary aligning with market value (people should read elsewhere on the forum).  Also, the indication from the township/municipality that there is 'house' on the property does not mean the structure is still solid/liveable or feasible to restore (or even standing!).  These bids have reconfirmed for me the importance of remembering that this is a tax sale purchase and due diligence should be undertaken.  Thanks to all who have shared their knowledge/insights on the forum -- I have enjoyed reading the serious and not-so serious comments.