Sheriff Auction

[Mina G.]

Hello everyone,

Can one just go to a foreclosure auction hosted by the Sheriff (Hudson County) and not bid? Can I just go and see how the process goes?

For this property, auction.com shows that bid will start at $100. Lets say the bid end up at 200k and the property is worth 300k. Will the bank bid themselves on it since the value is way higher than the final bid? 

[Jairo Paredes]

You can go as an observer. Foreclosure sales are public. The bank will have a set price and will bid until that price is met. I purchased a property via foreclosure in April. Prior to bidding, I attended several auctions just to learn and get an understanding of the process. Let me know if you have other questions.