How to know the Max Bids before the foreclosure auction

[Tony Nguyen]

Hey guys,

I was wondering if anyone knows how I would be able to get the max bid amounts for properties going to foreclosure auction before the auction sale date? As of now, I find out by going to the auction everyday and It's a war having to go through due diligence of 100 properties just to buy 1. Knowing the max bid up front would save so much time!

Any advice would be greatly appreciated. Thank you everybody.

:D

[Steve Babiak]

"Maximum bid" is based on the value of the property, from comps or however you choose to derive that value. Obviously, you will need to deduct for repair estimates and "safety margins" plus other expenses you will encounter.

"Minimum bid" = "opening bid" or "Starting bid". Sam gave a good reply - make phone calls before the sale. Sometimes, you can also arrive at the sale early and ask the attorneys or trustees what the opening bids will be on properties that you find attractive.