Buying via a Sheriff's auction

[Jacob Lindgren]

Hello all,

This morning I went to a sheriff's auction at my local courthouse. My only intention was to go and sit in the back to get an understanding of how the process worked. When I showed up I was the only person there other than the bank's rep and the court deputy that held the auction. I didn't purchase the property but I did feel as though I found a new avenue for deal hunting in my small town that seems mostly overlooked by my fellow land lords. 

I understand the basics of how the auction works and have a couple contacts in my area but I know there is a lot I could still learn. The process in my town is 10% down at the time of the auction and the remaining 90% in 24 hours. I also understand that I am buying the property sight unseen (aside from driving by) and that does come with its risks. My question to you all is what reading materials / podcast episodes should I be looking into to gain more knowledge or a general strategy? 

Thank you in advance for your input.

[Malcomb Stapel]

@Jacob Lindgren  the process in your state may be different, but look up and see if there is such a thing as "rights of redemption" in your state. It basically means if you don't have them, and someone else does, you may not be ending up with the house. We have a local Realtor who specializes in just these, which is who taught me the very little I know about them. I would recommended finding your local expert if there is one, and if not, look on youtube university.