Auction Concerns
Going to my first forelosure auction next week. Little concerned about buying a house that I know nothing about as far as condition and needed work. How do you guys handle this? Do you figure a certain percentage to cover your butts?
bargain
can you tell us a little more about how you know who is foreclosing and what happens if its the 1st, 2nd, 3rd, etc... what happens if your the high bidder and found out you bought the 2nd by mistake? thanks.
UPDATE:
Planned on going to 2 auctions today. Most get cancelled or postponed at least a day ahead it seems. Not today. Both got cancelled within a couple hours of auction. Try try again.