You would have to wait until it goes to tax sale and bid on it at tax sale.

WEst coast  OR WA AZ NV CA etc is all cash on the barrel head there are no deposits and no over bids.. winning bidder presents the cashiers check and they have won the deal on the spot.

I've noticed that homes in great shape, ready to go and priced right are still receiving multiple bids and moving quickly. 

Forget bids of $70k, even $90k to punch out, including increasing the exterior wall and roof line. 

My buddy has to pay for snow removal; I know because I was bidding for the work haha. 

FWIW, I am one of those investors that are looking for folks overleveraged on properties north of $1.5MM in the Smokies and I'll come with a bid that suits me here later this year once I get some family obligations off my chest.

If the first is foreclosing, are you prepared to pay off the first and bid at auction to protect your interest?

And if your previous reason is right of them hitting the bid and causing a crash, you absolutely bet they'd be the first to hit the bid but they'll be at the bottom with their own bid buying back in.

We ended up closing at 240, but I believe we could have easily gotten 260 if we had listed at 249 and created a bidding war.I hope this helps!

I won the bid for a property at a foreclosure auction.