I can tell from the question you are not ready for Sheriffs auctions. At Cuyahoga County Sheriff's auction you put 10% down immediately (just take a cashiers check of $10,000 because that will cover any purchase) before leaving the room then have 30 days to pay for the house or lose your 10% at which time it goes back to on the auction agenda. This is predominately a cash business. So unless you have $100-$150,000 dollars sitting around, don't get involved. In a nice suburb it will cost you a minimum for $100,000, at auction, to purchase then you have the expense of renovations, taxes, etc. and that is if everything goes as planned! Try to get homeowners insurance on one, it can't be done. You self insure. Then you identify a house that you want, put in your due diligence, fits into your budget, get all excited thinking about how much money your going to make, then go to auction. It has been appraised by the Sheriff's department $100,000 has a minimum opening bid of $66,667 when the first bid out of the bank representative is $171,513.25. Then you proceed to pick your self up off the floor thinking "there must be a better way"