If you don't get it, keep watching all the HUD auctions, eventually a similar deal will probably come along.

Here in NJ we are a tax lien state (no auction - only a strict foreclosure filed by the tax lien holder w/ no chaqnce of a 3rd party intervening without a court order).

Hi, taking a mortgage to foreclosure means selling at auction, if your entry bid, cost of the note plus costs is out bid, you are only entitled to the entry bid amount, the borrower in default is entitled to the additional amounts as the equity.

But if the lawyer will cooperate, you might be able to do that.The next opportunity would be at the auction.

Craig- figure out what your goals are, what your financial resources are, then you will be able to determine your strategy.For example, if you don't have much cash or credit to work with, wholesale or sub to may be a better option.If you have a large amount of cash and are handy, fix n flip, short sales, auctions, or REOs may be good.Just some quick food for thought.

So I am working a deal where the lender didn't give sufficient notice at auction at the beginning of the month this month.

Study your market and determine if the best deals are REO, Shorts, or Auction props.

In CA, you are responsible for storing a tenant's personal property for a short period of time (15 days, I think) at which time you can then dispose of the belongings by selling them or auctioning them off.

Or, if its sold at auction, the first is still there.

Hi AllI was wondering what unique items I might include on my F/C, REO, auction due dilligence checklist.