You definately do not need a licence... just the cashier check... no financing when purchasing this way. Always do a title check minutes before the home sales because liens are the one thing that can really be a downfall. In addition make sure you know what you are bidding on. Good Luck!!!
Remember also that you are buying a "pig in a poke" because it's HIGHLY UNLIKELY that you will have been able to SEE THE INSIDE of the home your are bidding on. Many people who are angry at their lender that they are losing their home will take out that anger in the form of intentional damage to the home. Some throw paint on the walls, some break appliances, some pour cement down drains, some remove the furnace and some, well, you get the idea.
So most of those people bidding on the courthouse steps are representatives of investors who have sufficient capital that they can afford to by an "anger-damaged" home now and then and still keep their business going.
A few more things to add - most auctions are all cash, so be prepared. If you are serious about wanting to do auctions, I recommend attending a few of them to educate yourself about the process.
Marcie Sands, REALTOR
SImply The Best Real Estate Co., Inc.
You do not need to be a Broker; however, you do need to make sure you know what you are doing to avoid getting burned.
At http://www.foreclosuretruth.com/blog/sean/march-2010-califor you can view current foreclosure stats. More importantly, it also has a narrated video of an auction that goes into some pointers. This will not fully prepare you; however, it will identify some things to look out for.
You need to do a bit of research about a property, or you could buy a white elephant
I as well as some other brokers will help with that research for a fee
Let me know if I can help you in any way!
Joan Wilson (Realtor, SRES, Ecobroker)
California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
License # 01341483
Know Your Rights Home Affordable Foreclosure Alternatives (HAFA) Program
Find Your Dream Home:
Find Foreclosures: http://CaliforniaCool4Sale.com