A foreclosure afterwards does do some further damage, but the majority is already done.If the property sells at the foreclosure auction for more than the judgment amount then they would get the balance, assuming there are no additional liens..You will hear a lot of untrue and exaggerated claims and ideas in guru “training”.

@Teri S.A friend of mine bought it at auction for $7500 and gutted the whole thing jacked it up and leveled it out and put a whole new floor system in the downstairs and upstairs.

I have yet to buy a property because I feel like I need to research everything to death before even trying...so I have a question where time is of the essence because it is actually an auction that is coming up in two weeks.

If the home is in foreclosure and if it's an auction date, then you can look at the published bid.

We've come across plenty of properties that we were looking to pick up at auction just to find out there are other liens on the property, not just primary mortgage.

Better to get something than gwtting squatt if the property goes to auction or if the owner files a BK

The key event in the foreclosure process is the auction. 

BTW, the certificates that actually have 18% are the ones no one bid on at the auction, the “left overs”....garbage.

Hi Daryl, check out foreclosure auctions, it’s how I got started.  

Finding Mom & Pop landlords with listings on Craigslist seems to be another good way to go.I have created data scrapers before for auction listings and sites with atypical listings.