Yes, yes I do know I can technically buy and sell without a license, but without tools such as access to then MLS, CMA's, auction websites, access inside properties ect. it makes it very difficult, and if you add in all the legal work such as contracts it becomes extremely difficult without the representation of an agent or attorney.

I'm trying to get into bidding on public trustee sale auctions / auctions on the courthouse steps, after some success with properties on auction.com homepath homesteps hubzu and related it seems like a natural next step to explore.I've read dozens and dozens of posts here regarding checking title, loan and lein information but I am not sure exactly what I am looking for.

The "buyer" can just change their mind or walk away, and the seller is 90 days closer to an auction.

Ideally it would be great to find a mentor in our area that we could work with on our first couple of purchases.We have our eye on a house up for auction on Friday.

Thanks I appreciate the info, the auction is on the 9th and I'm dead set on getting my first property, granted, the numbers are there.

There's only gonna be three main issues with properties bought in tax auctions (I'm talking about the ones where all liens are extinguished).1.

Or "reserve is met " and "your top bid" its possible you still don't win (that shouldn't happen)I check online under complaints /reviews of the auction sites after noticing anything fishy.

I'm researching a foreclosure coming up for sheriff's auction next week and discovered there are several judgement liens on this property and a second mortgage.

If YOU directly purchase it at auction, chances are they were not "underwater" on their first mortgage but has junior liens that prevented them from shortselling (ie. second mortgage, income tax liens).

This question is about approaching property owners before the taxes have ever gone to auction.