It's part of the reason why I didn't mind slightly overpaying the wholesaler, since if this were to go to auction I'd probably lose to a cash buyer.

Not at all we've done many & the last one (2017) was a a $2500 rehab with a new kitchen, scratch & dent appliances & a new shower stall base ($50) & .49cent/tile for the surround (we got the tile at an auction).

I'm going to my first tax auction in Virginia in about 3 weeks and know nothing about tax sales.

The neighboring property owner is just trying to scare you off into selling the property to him, and at a likely cheaper cost than he would have paid at auction.

Best place to find buyers is at foreclosure auctions.

Once they take back the home, the bank will probably auction it off and put it on its repo list.

The bank will only “waive the arrears” in the form of a short sale.Highly unlikely the bank would delay the auction for a possible short sale.

However, what happens when it's a trustee sale/auction (first mortgage) when there are insufficient funds to pay the second?

I am a first time auction bidder and I’m really nervous....

Also, I unquestioningly would purchase at the San Bernardino County online auction as the seller did (for $6k).