Buying Foreclosures At Auction

I am not an expert on this at all.  Truth be told I don’t know the first thing about it seeing as I have never attended one.  I do know experts in the field and would be happy to refer you to one.  Hopefully the article below can give you some insight with their 12 tips. 

“Getting a steal at auction boils down to preparation,” says Friedman. The biggest auction mistake, Friedman says, is lack of homework. “You have to set out to quantify risk, inspect the property well, and then quantify the necessary repairs and run price comparisons, or ‘comps,’ in the neighborhood so you’ll know the values.”

http://www.bankrate.com/finance/real-estate/12-tips-to-buying-a-home-at-auction-1.aspx