real estate auctions

[forgotten_aria]

Does anyone know anything about real estate auctions? Are they good places to get deals. It seems like a really scary concept to me, especially since you have to get the home inspected BEFORE bidding, which costs money.

Comments

[sauergeek.livejournal.com]

Another potential (but rare) gotcha for foreclosure sales is that the previous owner has time -- I believe it's a year in Massachusetts -- to pay off the bank and reclaim the house. This can happen even if there's a buyer resident.