Jumpp Company
 
 
Please call auction line before
going to any auction
800-650-0205 ext. 21



The Jumpp Company
One Meeting House Road, Suite 6
Chelmsford, MA 01824
978-250-1540

 

Auction Updates

 

Massachusetts

New Hampshire

Rhode Island

 

 

 
Tuesday, April 24, 2018





AUCTION PROCEDURE


      Mortgagee's foreclosures are public auctions. The auctions are held in front of the properties.  You only need to be there 10-15 minutes prior to the advertised time. 


      If you wish to bid, you would need to have a bank check made payable to yourself or cash in the deposit amount specified in the paper or on the web matrix. 

  • Auctioneer will make an attempt to gain access to the property, but makes no guarantees for a walk-through prior to the bidding. The owners are still in possession up to the time of auction. 


    The auctioneer will disclose any outstanding real estate taxes and liens if available.

  • It is open bidding and the bank representative has the option of bidding on behalf of the Mortgagee. 

  • Should you be the high bidder, you would endorse the check over to the attorney for the bank and it would serve as a deposit on the property. 

  • In addition, the high bidder signs a contract obligating him or her to fulfill their obligations under the terms of the contract. 

  • You should have your financing in place as you need to close in 30 days. 

  • If for any reason you cannot obtain a mortgage or change your mind, you would then be in default and could lose your deposit amount.