I was the guy sitting up front that commented on how all the online tax auctions over $1200 were being bid down to 1% and basically how I thought the whole online system sucked for investors compared to the tax sales that were held in person where (in my experience) no one bids down percentages.

It is not like a tax lien where there are statutory auctions.

Longer run visit open houses, go to auctions, see other investors rehabs, etc.

If a borrower stops paying for whatever reason, you will need to consider that property taxes will accrue and become the responsibility of whoever takes ownership at the foreclosure auction....

I usually don’t sing the praises of any third party provider.

Being in IL and participating in the IL auctions in the past, a 24%-36% return seemed high.

Thanks guys, my guess is that if I foreclosed, it would sell at auction in the high 70's and my payoff would be mid-70's by then, so the contractor will be mostly wiped.

We get a lot from auction companies like auction.com.

I know that in most states, when a property is foreclosed and goes to the courthouse auction and you are the high bidder, you own the house that day.

Are you talking about HUD auctions?