Other Investments

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.