You'll probably find that they drive for dollars, buy at auction, use wholesalers etc. 

Hello bp community, I am interested in the deed sale property sold at the county public auction in NY state.

People aren’t able to make payments on loans and some will not be able to return to work.Foreclosures has a backlog and no properties that can not move forward to the sheriff auction stage.On the other side of the market we have the open market (MLS) that is competing for a very small and very scared buyers pool.

I guess it's good that they aren't losses.I want to start getting into buying houses at foreclosure auctions but it seems very risky.

I’m thinking of buying houses at auction.

Hello Everyone,I just recently bought my first bank-owned property at auction and planned to use a hard money lender for 90% of the acquisition cost and 100% of the maintenance costs. 

It was previously foreclosed in a tax foreclosure and didn't sell at auction.

Banks don’t deal with individual buyers, it will either be listed in the mls or one of the big REO auction sites.....auction.com, hubbub, etc. 

I might have gotten lucky - maybe some others can provide feedback on that method....But if you are buying vacant land or at auction or there are tenants - all those things present specialty issues

That means, they instructed the trustee to start the auction at a specific dollar amount.