the trustees/auctioneers are paid fees by the TD beneficiary and do not offer commissions to persons who are represented by agents. the agent will not be the bidder...you will.
as the prior responses state, you will need cashiers checks for this sale and will be expected to show them to the auctioneer before they permit you to enter a bid on a property. i advise attending a few auctions as an observer before you jump in with cash.
be sure you understand the lien profile before you buy and understand that you will NOT be receiving a policy of title insurance and will unlikely be able to obtain one until you resell on an arms length basis.
this is NOT for the novice
I do not recommend purchasing a home from a Trustee Auction because of defects there may be on the title. RealtyTrac compiles all the loan and lien information available from public records. It's one big mess. When a bank reclaims a property they clear the title before they resell it.
Furthermore, the outstanding balance on the loan is usually the opening bid, which is often higher than current market value. It is not financially logical to purchase a home from a trustee auction because of the risk associated with the title and higher than market asking price.
If it's personal, contact the lienholder (bank), find out who will list the property when it comes on the market and give them a call. Please contact an agent through RealtyTrac. If you do not want to for some reason, send me an email and I will have someone call you. David Chiles.
There are REALTORS who can assist you with this - you may need to interview several before you find the right one.
I recommend speaking with the broker of 2 to 3 local companies and asking them to recommend 1-2 agents in their office who handle these types of transactions. In my area I know of 2 or 3 agents who have experience in handling these types of transactions.
I wish you the best of luck.
Tamara Stoebe, REALTOR, GRI, e-PRO, CHS, QSC
DRE License #01827461
Prudential Troth REALTORS
1801 W. Ave. K
Lancaster, CA 93534
Cell: (661) 466-6849
Fax: (661) 422-3006