How to buy a house at the foreclosure auction on courthouse steps from the bank

How to buy a house at the foreclosure auction on the courthouse steps. Today I’m bringing you into a live foreclosure auction. We’ve done our title search to find out the lender foreclosing is in first position. That means any other liens and judgments will be wiped out. When we bid, it’s imperative to keep your cool so your emotions don’t take over. Emotions are the enemy in real estate. The thing to remember is you never want to start the bidding process as soon as the foreclosing attorney opens the bids. I like to wait a while to see what other bids are coming in before we start our bidding. Watch and see how we win the bid on this house.

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