Sherriff Sales

[Derek Johnson]

I am looking at a house in highly desired area coming up in a sherriff sale in April.

It's listed at under $50k and valued over $220k.

It says at the auction you have to have cash, cashiers check at the sale. I was wondering how you go about this? Do banks finance for a Sherriff sale? What are some pitfalls I'm not seeing here?

I looked at the MLS and the house is beautiful. Has an addition ($30k) from 2010. On a cul de sac.