Anyone bought a foreclosure online via Homesearch.com?

[waltworks]

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]

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.