Sometimes there are several homes being auctioned off at the same time and it is not always cost effective to do a title search on everyone of them and the acution house will not do that research for you also due to the cost.Since these properties are sold at a significant discount from retail, it is often worth taking the risk.

I feel like I am getting the run around from the Trustees, Court Houses, and the auctioneers as to who is responsible to make the next step.

This area allows you to purchase a whole lot less than even the normal discounts of short sale or buying distressed from homeowner.It does have it problems which are cash at auction required which does not come back to you until EITHER the homeowner redeems the property OR you recieve title to it at the end of the redemption period then you fix up and hold or sell.This means a long term tieup of your monies so HML is out, but long term profits are greater, if you can wait.

I attended my second auction in Austin, Texas today.

Since you just attended an auction, did you notice who is was that was bidding?

My record so far is owning a house for 12 years and NEVER seeing it (bought for $51,000 at an FHA auction, sold it for $110,000).

If a lease is signed after the notice is filed, and the property goes to the foreclosure auction, you will have only a few days or maybe a week or two to vacate.

We purchased him a Chevrolet Malibu for $6,500 from a GSA Auction.

I just noticed there is a duplex going up for foreclosure auction in a few weeks.

Is this really a dead deal or can I still stop this auction?