I found a property on an auction site that I'd like to bid on.

Other wise they would have bought it at the auction and would have told you they owned them so you would not waste your time and money bidding.. that's the other play these redemption buyers play.

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

Purchase price: $28,500 Cash invested: $178,000 Sale price: $250,000 Bought a 3 unit riddled with drugs or prostitutes from the city at the tax auction, spent a year gutting and consolidating all three units in two structures to a single-family home with an exterior side entry garage.

Auctions can be a great opportunity! 

Quote from @Tomasz Kaminski: I'm looking locally at my county auctions and there's properties for sale due to foreclosure.

A real estate company told me the house needs too much work to rent out, and that an auction is the best course of action.

It's even better if you've done it with land that was purchased at an auction!

On-line Auction Foreclosure Website.

Is there any investor here purchased through BUCKS COUNTY SHREIFF SALE, it's my first time attneded this auction, after done title research on property at prothonotary office found that sheriff office didn't serve all lienholders in Notice.