Marie, I don't know if you got your question answered but if not, see if this helps. The answer to this question is that in the foreclosure process, the final step is the courthouse auction. This is a sale that is held by the clerk of the courts and is open to the public at 11 am Monday-Friday. The properties going to auction can be found at http://www.leeclerk.org/ForeclosuresA2/. At the beginning of these proceedings, a person representing the foreclosing bank will present the case number and the minimum bid that the bank will accept for the property. This can range from pennies on the dollar to over the asking price of the final judgement. The bank will enter the first bid of $100. It is then up to the bidders present at the auction to decide if they want to meet that minimum bid. If no one chooses to bid, then the property reverts to bank owned and the sale is recorded at $100. This is a very competitive way of acquiring properties, but there are some real possibilities of great deals if you are well prepared. Many hours of research goes in to this process, including physical inspections, title searches, and mortgage information.