what exactly is auction.com

[Mark Alex]

so...a long, long time ago, in the days before the internet they used to do "foreclosure" or "trustee" sales on the court house steps.  Basically, a homeowner would not pay his mortgage, the bank would reclaim the house from him, then the county(the trustee) would sell the house to someone for cash and pay the bank most of the money.  I know, it's more complicated than that.  What I'm confused is: what exactly is auction.com?  Are they now the trustee in a foreclosure sale?  Do foreclosure sales through the county still exist?  If so, when and where do they take place in Sacramento County?  Thanks very much for your responses.

[Helen Kirk]

The last 3 times I have gone to the foreclosure sales at the courthouse steps in Lee County, Alabama, we had observers from auction.com to see the process.  They haven't cried any of their properties yet, but they told me that they will in the near future.  The last sale I went to we had a lot of properties that had high starting bids that nobody bid on.  These went back to the bank.  The people from auction.com came up to me and a few others and asked what we would have bid up to on these properties.  They actually took our contact information, so I was wondering if they might contact us later if some of these properties show up in their inventories.