If the first position forecloses, the second is then wiped out at the foreclosure auction (and the second lien holder will therefore have to bid to protect their interest in the collateral that is at risk here).

I have been to plenty of those types of auctions.

In fact, I have seen several times a short sale offer being declined and then selling at auction for 20% less.

There is a government USDA auction tomorrow at 1:00 on a property that I'm interested in.

When I first started, I thought I could only go to auctions once a year.

In my world where things make too much sense, it would seem that if you were to present the servicing entity with a cash offer for that amount, they would accept it (since this is what would happen at the TS auction).

The house I'm renting went for auction beginning of Dec 2010 nobody bought it so it went back to the bank.

Hello BP I have been watching a show on A&E and I have passed by when public storage facilitys have been in the process of auctioning off peoples storage units, I was wondering has anyone on BP attended these type of auctions, any stories ?

There is one house listed on the MLS that looks like it is in pre-auction status.

In my extensive researching I saw something the other day where a guy was selling a $1,000 package and figured maybe I could get the answer here.

Here's what he said "as a bird dog there is a way to get an investor ...