Bill that does not sound right, the REO, the real property post a foreclosure auction that reverts back to the mortgagee for lack of bid or low bid can be sold for a profit but only after auction when it becomes REO for the mortgagee.

They were up for auction approx. two years ago.

If there is a time limit, like foreclosure auction in 30 days is a more difficult question.

I am looking for sources to find auctions for condos in Los Angeles County area.Any suggestions?

My first buy on auction and I received different legal advice from 2 attorneys which made me reach out to the trusty bp pros.

At the time of the auction one can not know which certificates will become deeds.

It takes 10% to sell in the traditional manner; surely wholesalers have to get a property for much less than 90% of market value whatever the condition to make a buck.i have seen a foreclosure with equity change hands prior to the auction.

If it's not a total junker, they'll tow it on their dime and go through the legal process of auctioning it off.Otherwise, I think the best thing would be to call the police about the car on the street that seemed to have been abandoned.

I was just curious if anyone had experience with buying forclosures at auction in New Hampshire.

A few years back, I helped a client purchase a property on auction.com, which was also listed on the MLS, however the time frame to submit an offer through the listing agent had expired and all terms and offers had to be submitted through the auction site.