Sheriff Sale/Auction Experience

[Eric M.]

I have bought many a single family at foreclosure auctions. Always following my rule of at least peeking in the window of everything before I bid on it. (I failed to do that just one time and ended up with a gutted property and lost $70K).

Lately there has been a surge of condos at the auctions and the prices are crazy low. Most bidders won't touch em. I assume for the same reason I never have. You can rarely see inside before bidding.

Just curious what other's experiences have been buying condos in particular. I am wondering if a condo would be somewhat less likely to be gutted or have real major damage than a single family. Not sure exactly why I think that. I guess the condo owner seems like a less hands on type who wouldn't be doing major work on a property. I would think they might also be more likely to be moving into an apartment next and so not really have a need or a place for any appliances or fixtures they might like to steal.

Just curious other's experiences. THanks