Foreclosure Auction Service

[Justin S.]

Has anyone used a foreclosure auction service?

One was recommended to me by my title company. Here are the services they provide:

Daily list of foreclosure auctions
Drive reports and pictures
Title research - My title company does it and provides title insurance
They bid at auctions for me based on my maximum price

Their fee is $3000 per property I buy.

The reason I am interested is that some short sales never go through due to high BPOs and since I have walked the properties and typically have a buyer lined up, I have a good idea of what I should pay at auction and still make a profit. Turning what were dollar-less deals into a profit.

Any insights are appreciated.

Thanks