The sheriff sale is set by the court after a judgment of foreclosure is issued. Under normal circumstances the sale date is set 45 to 60 days out giving time for signage to be place on the property and publication. But with the courts so jammed up with foreclosure these dates are being pushed out further and further. Also if the defendant shows up on the court date that sets the sheriff sale date they can ask for more time and in most cases be granted it. The courts do not want people to lose their homes so they will offer more time for things like modifications, short sales, mediation or deed-in-lieu-of agreements.
Buy a home after foreclosure expert
Helping families/people that have lose their home get back into a new one in as little as 6 months... more
First, go to some auctions just as an observer. Watch how it's done. Watch what people do. Watch the process.
Then, when you're ready, find out which houses will be auctioned on the day you wish to attend the auction. If at all possible, inspect those houses in advance. (You won't always be able to.)
You'll generally have to have certified funds for 10% or so of your bid. So, if you anticipate bidding up to $100,000 on a property, you'll need to come to the auction with a cashier's check for $10,000. Often--and it varies--you'll have to come up with the remainder within 30 days.
You may find yourself alone there, or just another bidder or two, or maybe a whole lot of others. What you really need to do is determine the most you can spend on the property in order to accomplish your objective. Then exercise discipline and don't bid a penny more than that figure.
There's a lot more to it than that. But that's a starting point. First, really, you need to attend some of the auctions as an observer.