Case Study | Foreclosure Auction Purchase

August 2, 2021

Most folks assume that just because a property is bought at a foreclosure auction, that it is an automatic “deal.”  We read in public records that a property with a repaired value of $250K was sold for $125K at auction and think, “I need to get in on that action.”

But since we don’t know what we don’t know, a novice investor could lose big giving auction buying a try without first conducting necessary due diligence.

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