planning to bid on condo at foreclosure

[Kevin James]

I am planning to bid on condo foreclosure auction at the end of next month, the owner of the condo had passed away about year ago. and owe mortgage on the condo, the redemption period is 1 year instead of 6 months, I did my research and I found out that the owner has 2 kids, the condo worth more than what she owes on mortgage  and the location of the condo is good. I am interesting in biding and I need advice from expertise in this field what I should do.i drove by the condo and I notes someone still live in it, the starting bid I believe will start at 34K and the market value is about 90k, and if I bid on it and win the bidding what I should do next, one year redemption is long time to have my money tight down. 

thank you in advance for your help in this subject

Kevin