when you buy a property from an auction how do you pay? do you have to write a check for the full amount right there or what?
it all depends on which state you’re in . Some want 10% deposit and balance with 5 business days . Others want full balance by end of business day. You should be able to find this info out from the bid instructions.
Typically you have to have a certified check for a certain amount determined by the aunction, to even bid, the rest you have to come up with either by loan or cash within a specified period of time also determined by the auction.