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  #1  
Old 08-12-2008, 03:55 AM
omara omara is offline
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Join Date: Aug 2008
Location: Arlington TX
Posts: 24
Default Buying at Auctions

Can someone provide a step by step guide on how to buy home at a auction?

Thanks in advance also for any tips and pitfalls to avoid.
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  #2  
Old 08-12-2008, 04:38 AM
seneca seneca is offline
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Join Date: Aug 2008
Location: Houston
Posts: 34
Default

Here is a 6-step primer that you may find useful:

Step 1: Find and file properties
Step 2: Confirm auction status
Step 3: Check potential bargain
Step 4: Determine bid amount
Step 5: Bid at the auction
Step 6: Take ownership

See http://www.realtytrac.com/foreclosure/h ... ction.html for further readings.
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