County tax auctions - are there any catches?

[Brad James]

I have attended a few tax auctions locally. A BUNCH of properties. Terms of the auction are I believe 500 cash and write a check for the balance the day of the auction. Now I am not going to go pull loan money not knowing if I will win anything so my thought was to write a hot check and get the funds moved asap.

Also, my biggest concern is buying a nightmare since we cannot really fully inspect these homes. Is there hidden fees and contingencies? I also hear getting into the homes can take months at times. Is this correct?