Buying at Harris County (Houston) Foreclosure Auction

[Jordan Bateman]

My team has recently spent an exhaustive amount of time researching historical results data from recently completed mortgage foreclosure auctions in Houston (Harris County). We've determined based on our criteria and buying power that we could reasonably win a fair amount of bids and are in the process of determining the logistics of setting up a team to attend our monthly auctions, with all of the needed prep work being done accordingly. We trying to outsource where appropriate and keep the most important analysis in house.

My question to the group is, is anyone actively purchasing mortgage (trustee) foreclosures at the auction in Harris County? Or does anyone know of a company or service provider that will bid by proxy on our behalf? It's quite a process and will demand quite a bit of manpower to facilitate, but we're trying to set up as sophisticated a process as we can.

Also, do any out-of-town investors that purchase at various auctions have some general advice that may pertain to any auction in general?

I am extremely grateful for any feedback provided and wish everyone the best of luck in their endeavors!!

Jordan

[Jordan Bateman]

Thanks Steve Babiak, I'll take some time time to go through all of that to be sure there's nothing we've overlooked.

Thanks again Don Konipol, I may indeed have more questions and I appreciate the offer to help.

Also, I found a company locally that will help with the research and bidding by proxy on tax foreclosures, but no one that does this for the mortgage foreclosures. Looks like we'll be handling everything in house.