Auctions

[Javi Chipi]

I have listened to several podcasts and it seems everyone is always doing direct mail and looking for motivated sellers more so than trying to buy properties at auction. I live in FL where there are many foreclosed properties. Does anyone have experience trying to buy properties at auction here? Is it just too difficult to compete with the banks or too risky because you can't go in the properties or too risky because of liens? Just trying to gauge why (at least on podcast no one really talking about that).