Bidding on Auctioned homes in Denver, CO

[Mosun Mah]

I live in Los Angeles and I have a real estate agent in Denver, CO who's bidding on foreclosed properties for me.  My bids are at most $60K.  I have him look if there are any liens on the properties that I bid on.  He says if I win a bid it's as simple as me wiring my money to the escrow company.  This all sounds very simple and, thus, makes me wary. Is there any advice YOU can give me that I'm blind too.  I'd like to avoid any pitfalls.  Thanks in Advance!