Buying a house at auction

Real Estate Investing Through Foreclosures: Buying a Home at Auction
By Lori Kimble

As a real estate investor, purchasing a foreclosure home at auction can offer a great deal of equity for a small amount of money. Finding these properties is not always easy, but the actual auction is fairly straight forward.

So what should you do to prepare for an auction? First, you need to find homes up for auction. Purchasing an auction home is not like working with a home owner to prevent foreclosure - an auction is the lender actually selling the home to try to gain its mortgage money back.Click here to read the rest of my article