Apparently all bidders must arrive only 5 minutes ahead of time, must stand in front of the one property they are bidding on, and after the auction-30 minutes later, the Sheriif gave them the keys?

Will it ever go to auction?

Perhaps an auction.

But if you don't, and they take it to a foreclosure sale (i.e, sheriff's auction), you will get even less.

We got them @ auction for about $2.28 sqft.

I recently won an auction for a house.

I have a few rental properties that I manage myself and have recently started buying foreclosures at auction to rent and hold.

Michael Chewning Once it's listed to be auctioned, it gets harder to contact the owner and you have about 1 month until its auction date.

So, in NY a foreclosure auction must be noticed in local papers, right?

I have picked up several duplexes & SF homes at tax lien auctions up here in NY.