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Machinery Auction Question
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emtbd1979
Posted 8/30/2016 21:17 (#5500357 - in reply to #5500309)
Subject: RE: Machinery Auction Question



west central illinois
johns_79 - 8/30/2016 20:03

So, maybe I'm an idiot for asking this, but there is an auction coming up next week that has some pieces I might be interested in. Usually, it says it's a consignment auction or the owners name. This one just says "secured party". Does this mean it belongs to a bank? And if so is there anything I need to watch out for, like if I buy it I might owe more money than what the bid is? I might just skip it because I really don't need anything, but like i said, I'm interested in a few things.
the bank will have a bank employee there. Least the ones like this that I have been to in the past did. You will be fine.
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