sI am trying to do my research properly, any help greatly appreciated.There is a home I am interested in coming up at auction.

I have found a potential deal I think.the home is in foreclosure and the auction will be in November.

The buyer planned an auction, but the huge number of folks registering to bid resulted in the buyer selling them directly to interested parties without going through the auction.

You fill it full of the same style furniture/ assessories and auction everything off.........

This was a favorite tactic for one of my clients and he was using this almost on a weekly basis.The reason I think this is such a killer strategy over many others is that HUD homes can be tied up for $500-$1000 deposit depending on purchase price....But the part that makes me smile, is that UNLIKE many other homes that you will be putting under contract....HUD is NOT IN A RUSH to have them closed....Since HUD isn't in a rush to get them closed this gives you more of a chance to market for buyers which is especially important if you're one of those people who was foolish enough not to have your buyers list in place BEFORE you started trying to do deals....On the HUD deals I've done here in Michigan, HUD doesn't require you to close until 60 Days AFTER they have signed the contract...In most cases that means around 70 days (That's a heck of a lot of time for marketing a home).The other major benefit to doing HUD deals is that if you're a person who can't make it out to look at homes every day HUD homes UNLIKE most REO's are run in an auction style bidding format with bids due daily at midnite and weekend bids are do on Monday....Meaning you can have the entire weekend to go look at HUD homes, at your liesure.HUD Assignment ProceduresFind your buyers ==> Put home under contract using your name or your llc's name ==> Use a “Add a buyer for financing†form and add your buyer onto the contract with you (Get you're assignment fee when you do this) ==> Have your buyer bring money to closing and both of you will sign paper work like in a traditional closng ==> Once the closing is finished and the hud agent is gone, simply deed yourself off the property...Leaving your buyer as the sole owner.Looks like they called my name, I'll finish this up later on....With TON more killer tactics.Eric Medemar

I've always thought there are many good high cash flowing deals in Germany especially in the former east part of the Country.There is many German properties being sold at auctions in the UK showing good cashflow, but they are mostly in some small towns where from what I've heard people have been moving away to other places.

It will only tell you who the trustee is, the beneficiary and when the auction is scheduled.

If the bank takes it back, perhaps you can buy it from the back after the auction.

He informed me that the house was sold in the tax auction back in May.

If it made them more money to foreclose, there would be only a minimum time frame between the NOD and auction, there would not be a huge backlog of inventory held back from the open market and prices of RE in most areas would be continueing to rapidly decline due to higher invesntory, lower demand.The other reason banks are holding on is that they have created a "sellers market" and used the $8000 tax credit for homebuyers to THEIR advantage.