Author Topic: Anyone bought a foreclosure online via Homesearch.com?  (Read 2126 times)

waltworks

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Anyone bought a foreclosure online via Homesearch.com?
« on: June 07, 2014, 01:09:29 PM »
It appears to me they are just a wholesale auction house for foreclosures and I have a semi-decent inside line on a property they are auctioning - but I'm unfamiliar with online foreclosure auctions.

Outside of the usual foreclosure problems that can trip you up if buying on the courthouse steps, does anyone have experience with/ideas about these online auctions? Is the fact that the property is being auctioned online a red flag? If so, why?

Thanks guys.

-W

Daleth

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Re: Anyone bought a foreclosure online via Homesearch.com?
« Reply #1 on: June 07, 2014, 02:28:35 PM »
In your shoes, before taking any steps to actually buy anything, I would throw a couple hundred bucks at a real estate lawyer in the state where I anticipated buying foreclosures to get good advice on the ins and outs of that state's foreclosure process and on things you as a buyer should or should not do.