I have two notes in Florida, the homes are vacant and secure but due to the slow courts, I will not get to auction for a few months and I would like to have both homes insured in the mean time.

If it's a long term lease there are tenant protection laws in place for just this scenario.The bank after foreclosing will still have to honor the term of the lease in the contract.If the bank doesn't tell you where to send payments set up a bank account and put the payment in there.Then if you have to go in front of a judge you can show the lease and show you had the money to make the payment but the bank didn't let you know where to send it.The judge will make the bank honor the lease agreement per federal tenant protection foreclosure laws.If you are on month to month I believe they only have to give you 90 days to get out.You can once it is foreclosed ask for the bank to sell you the property but it sounds like you wouldn't qualify.You could land an investor who might buy the property and finance you.The risk is an investor might buy it at the auction depending on what the bank sets the reserve price at.That investor may or may not want to sell to you or may have other plans.The bank can't do anything with property without the borrowers consent until it forecloses.You could have an investor try to buy the note on the loan at a discount from the bank before foreclosing.Hope it helps.No legal advice.

Go to any court house and find out who the biggest players are at the auctions.

The process for the REO goes as follows: The bank files for foreclosure, evict the tenant, and later take the REO for auction.

You would get the face value of the note, so getting the discount and having enough cash to pay for the foreclosure is essential.If you're wanting the property, let the lender take it to foreclosure and you bid at the auction.

I'm looking a property on auction.com/REDC and it is an online bidding auction only.I have done my due diligence, know what I want to pay, know its an "as is" sale but does come with clean title.My question: Is there anything I should be aware about the way they conduct their business/contracts that might be shady or put the buyer in an unfair position?

She replied that she was given notice that the property will be sold at auction in June.

I have the list of properties that will go on auction and was wondering what to do with the information.

He buys the MH's at auction, sets them up in his park, totally rehabs and finds a tenant.

I am a Real Estate Investor/Broker/Auctioneer from Chicago recently relocated to Phoenix, AZ for this golden opportunity.