Hi all —Curious if there are any scenarios where you can loose money at a foreclosure auction.Say you are the highest bidder and you win the auction - are there any ways that you can still loose the property after that? 

I want to see you win. 

I consider this to be a huge win.

If someone else is willing to outbid you you could win as well because debt is often sold BELOW face value when its not being paid.

I would LOVE to develop this land myself and sell a house, I simply don't have the capital. 

Their management agreement is win-lose arrangement. 

So the value prop is to simply shot gun as many marketing peices as you can afford and then offer 10 to 30 cents on the dollar and wait for takers.. then once you close resell right away.then there are infill lots through out the US in areas that are actually seeing new builds on infill .. infill lots in areas that have zero new construction are basically worthless.. think major rust belt cities were resale values are 100 to 125 a foot or less..

Don't be afraid to partner with people who know the market and want to see you win.

That being said it is a no win situation because even if they accept it I will probably deal with this again with the tenant.

I work with a company that does tax appeals at no cost unless we win.