It looks like Foreclosure Auctions are picking back up!

     It seems like foreclosure auctions are starting to pick back up again as the moratorium ends. But I want to see if real estate investors are overpaying for houses just like retail buyers are doing on the MLS. Come with me on a ride down to the courthouse steps to get a feel for how much investors are still willing to pay for houses. In a sellers market as hot as this one, real estate investors have to adapt to the rising prices of houses. Typically, off market houses like foreclosures don't sell for as much as on-market houses. But since on-market buyers are paying tens of thousands of dollars over asking price, I had to come downtown to see whether investors are following suit. 

     This house sold for $115k over the initial opening bid. See how the winning investor waited for all the other investors to stop bidding before she made her first bid. Now that's what I call "Auction Bidding etiquette. Watch how auctions are conducted so you know how to conduct yourself when you show up to bid.