Auction property had come to my thoughts these few days and thought of sharing this piece of information with you guys, believe it or not, totally up to you.
Many would prefer to purchase auction property as it is relatively cheap and well in earlier days totally below market rate, but I once bump into 2 famous feng shui master and both of them told me the same thing.... "you can buy auction property but I would not suggest you to stay in the unit"
Out of curiosity, I immediately asked them "why?" and both their reply are nearly similar
If there is nothing wrong with the property why does the bank have to auction out the property and obviously the owner is being sued for bankruptcy or blacklisted.
The first thing that came into my mind is that there are many factors that affect the owner property being proclamation of sales by the bank... "probably due to gamble problem, business issue, mismanaged of his or her personal finances and many many more" but come to think about it, if there is really nothing wrong with the feng shui of the property, I doubt the owner would be in this type of situation.
Not sure about you guys, but I did personally encounter the same experience while staying in one of the auctioned property that I had purchased, and less than a few years I have to moved out from the place and have it rent out before things becoming better to me..
Believe it or not!