California Civil Code Section 1812.600 says auctioneers involve to post a $20K surety bond. If I'm only auctioning my *own* home--and not offering my services for hire--do I still entail the bond?
Answers: Yes, you need a bond to conduct an auction. Who owns the property auctioned is not relevent to the bond.
devout luck with that thought. You are not going to get a "bidding frenzy" resembling you think. Unless its branded as a foreclosure and individual sold by the lender the public will not take the bait adjectives they will see is a desperate seller who can not market it any other way so any that do show will bid far underneath your reserve.
If that idea in fact worked it would be happening adjectives over the nation.
Don't do this. You don't know what you are doing and are only going to put away up any profits you expect to get contained by attorney fees in trying to protect your interests. If you are planning to do this minus an attorney, you are sadly misguided.
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Answers: Yes, you need a bond to conduct an auction. Who owns the property auctioned is not relevent to the bond.
Can an Apartment regulator butt into your apartment?
devout luck with that thought. You are not going to get a "bidding frenzy" resembling you think. Unless its branded as a foreclosure and individual sold by the lender the public will not take the bait adjectives they will see is a desperate seller who can not market it any other way so any that do show will bid far underneath your reserve.
If that idea in fact worked it would be happening adjectives over the nation.
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Don't do this. You don't know what you are doing and are only going to put away up any profits you expect to get contained by attorney fees in trying to protect your interests. If you are planning to do this minus an attorney, you are sadly misguided.
Resolved Questions: