How start wholesale process on a foreclosed or auctioned home?

[Teresa Alvarez]

I think I have a good deal. House is for sale at auction for $125,000. It is a value based foreclosure auction. And comps in the area are $279,000-$308,000. Do I have a good deal and should I move on it.

[Steve Smithy]

Well you wholesale a property after you own it, just finding a property listed at auction isn't any kind of value to an investor!  As for if you should buy it or not, is that the starting price for the auction?  You should at least try to drive by and peek into it if you can (if vacant anyway).  Get more info before jumping in!