But, are you referring to auctions that the lending institutions hold ....or are you referring to auctions private companies hold after the foreclosure sale ... or are you referring to pre-foreclosure auctions ? 

Title companies recognize this, unlike buying from a non-institutional lender. 

Hi @Patrick Everett, if you are an accredited investor, you can buy into institutional grade multi-family $50-125M projects with as little as $100,000 and diversify.

Hi, been in RE awhile but just discovered Bigger Pockets.

That way, if anything major is discovered, you'll have time to assess the situation and obtain additional inspections from other specialists as necessary.

If you think you will go FHA, Conventional, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Have been reading a ton of books, listening to podcasts and have discovered Bigger Pockets.

Their guidelines can vary from the larger financial institutions.

It has been about 3 weeks since I discovered wholesaling.

I an currently in financing, I'm an assistant branch manager at a financial institution.