There are hundreds of houses that sell at the tax auction for $500.

I am starting out bidding on auction homes but i need a GOOD title search company that can make sure I am bidding on 1 st mortgages and what liens are outstanding.

Hi Eric,If you are looking for cash flow properties, might want to look at buying at auction.

Situation, have contract for an REO asking price was 148,000 it was an Auction and I was the winning bidder at 100,000.

I've been watching the courthouse foreclosure auctions and they've been selling for full retail (at least what full retail was a few months ago) and the tax deed sales (selling for probably 75% of full retail).

So I went to my first sheriff's auction last week and I was amazed to see the banks buying their own properties.

I looked into them a few years ago and went to a number of auctions but never pulled the trigger on anything.

One from an online auction.

Additionally, there are auction sites such as Auction.com and NIAM.com which sell via bid auction whole loans.Here on BP there are some folks who work with various sized investors new and experienced in the identification and acquisition of whole loans.

A) You probably won't have personal liability if you weren't involved in the screwup;B) However, the LLC will be responsible;C) The assets of the LLC can be used to satisfy any judgment;D) The property gets auctioned off;E) You lose your investment in that property.If you instead have the proper promissory note, personal guarantee, mortgage, etc... what possible result?