My colleagues (below) have given you much to consider. If you want to go to auctions, they are exciting and can be fun. My suggestion: if you are sincere and want to buy at an auction, sign a buyer agency agreement with an agent you like and go together.
I have taken many buyers to auctions, and I have seen grown men freeze when asked if they want to bid, and lose a great house they could have bought at a huge discount--I have also seen nerdy types step up and seize the day by buying a great house. If you are there to buy, then great! This is the way to make money on a home.
I tell my clients, you make money when you buy (if you buy right). You can't make money when you sell, because you can't sell for more than the market value--someday you will see what I mean.
The auctions will almost always be on the front stoop of the homes in question and often you can't even get inside to see the condition. And, coupled with that, these homes may come with back taxes, sometime IRS liens and occasionally other mechanics liens. But if you want a deal, this is one way--but not for the faint of heart.
not less than (20) days before the sale, in a newspaper of general circulation in the county where the property is located. Based on this information, the newspaper is the source to identify foreclosure auctions in NH. The notice in the newspaper should contain the time,date and place of sale and a description of the property.
Another auction site is online "realtybid.com". Banks hold on line auctions at this site.Once the property has already been offered to the public
at an onsite auction as outlined above. I have seen some pretty awesome deals fly off line at that site. You must be brave to want to attempt to purchase property in this fashion.
Through my experience, I have learned that an investment in real estate is the same as with any investment, the higher the risk the greater the return.
They are usually held at the property itself. A word of caution though, buying at an auction is probably the riskiest way to go about buying a property as frequently you can't get access to the inside of the property to inspect what issues it may have.
There are, however, other ways to go about pursuing bank owned properties that have a lot less risk but still get you a good deal. Let me know if I can help.
603-674-5864 (cell - best way to reach)