[mikejr]

Originally Posted by Yetti

ok, heres one for you. my neighbors house is listed as a "Auction property" on the forcloser site. when it goes to auction who can bid on based on the real dollars owed? and where do I find a list of auction sites to search for it?

Who's site is it on? Many times the f/c bank will place a property on Realtybid.com or Hudson and Marshall. Anyone can bid at the auction. Most auctions will have a reserve.

Also I dont think you will want to bid on the "real dollars" owed since 99% of the time the f/c bank is losing their shirt on these deals. By the time the factor in the unpaid balance, interest, penalties and attorney fees just to get to the f/c, then factor in holding costs, maintanence and eviction costs, the banks are taking a pounding on these properties.

I'd try either Hudson and Marshall, Realtybid.com or Williams and Williams as far as common auction sites to find it.