Online auctions

[Keith Rorer]

Good Morning All,

I have started researching the online auctions arena and I wanted to know if anyone can share pro's/con's? I noticed that some of the properties that I viewed (specifically on auction.com) were labeled "occupied". Has anyone had experience in purchasing a property that is occupied? if so, what is the process after the fact? Evictions, etc. Are some labeled occupied, but empty? Are there other liens that you weren't aware of when you purchased that you found after the fact? These are bank owned properties, not short sales that I am considering.  

Just looking for some guidance, as I am thinking about going this route to find deals in my area.

Thnx in advance.