I am involved with a SS that is scheduled for auction in a few days.

Rest assure though that the mortgage holder will go through the usual procedure first, court, auction, etc.

Ah the joys of buying at auction.

In NC the state sells all its surplus property at auction.

Good thing she found me through a referral and one week before the foreclosure auction, I stopped the auction.

Instead of looking for a single asset that will cover the judgment, you could collect on your judgment using a series of actions: garnish his wages, seize his bank accounts, seize and auction off his car, etc.

If you have "cash" buyers you'll be in a good position to acquire properties before they hit the auction block.

And Second Liens were the worst they try to hold up the whole deal knowing they would get zero if the property goes to auction.

Auction, multi offer debacles.

Are they familiar with auction sales as a percentage to traditional sales?