The Money Mustache Community
Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: waltworks on June 07, 2014, 01:09:29 PM
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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
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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.