Dee - as Pam answered below, there can be quite a lag between the time a home is auctioned on the courthouse steps, and becomes an active listing in the Multiple Listing Service. If you are flexible on your move date, these kinds of properties can be a great deal. You will want to make sure you visually inspect the property before making an offer, and have a home inspector conduct a thorough inspection as part of your purchase agreement. Most foreclosed properties will not have the utilities on to do the inspection, so you will have to make arrangements with the utility provider to turn the power/water on for a day or two so you can fully inspect. This would be your expense; I just did this on a foreclosed ocean front condo at the beach, and the cost was $35. If I can help further, please let me know.
Vanguard GMAC Real Estate
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