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Public auction

Buying homes at public auction

If the loan for a property is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Below are a few pointers on buying a property at auction — you'll learn about the foreclosure auction...

By RealtyTrac | 43 Comments

Checklist to buy properties at public auction

Real estate auctions are a quick and efficient way to sell and buy property. They can also yield great deals for buyers who have a plan in place and don't get caught up in the exciting auction atmosphere. Use the checklist below to make sure you're prepared...

By RealtyTrac | 26 Comments

Be Ready Before Bidding Begins

Buying a property at a public foreclosure auction is not for the faint at heart. It usually requires patience, persistence and a fair amount of cash, since most state foreclosure laws stipulate that the winning bidder pay all or part of the winning bid on...

By RealtyTrac | 39 Comments

Beware of Hidden Costs

Liens not cleared by the auction are the buyer's responsibility. If you buy a property at a foreclosure auction, you may end up forking out more than just the winning bid amount to own the property free and clear. That's because some debts attached to the...

By RealtyTrac | 39 Comments

Minimize Messy Evictions

Eviction of former owners or tenants is the buyer's responsibility. Even if you've conducted thorough research on a foreclosure property and successfully placed the winning bid at the public auction, it doesn't necessarily mean you can move into the property...

By RealtyTrac | 54 Comments

Tips for contacting the trustee

Calling the trustee is an important step in pursuing any pre-foreclosure or auction property, but it's not always the easiest or most enjoyable step because many trustees are not geared toward providing information to the general public. A phone call to the...

By RealtyTrac | 36 Comments

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