Foreclosure Auctions - Where Is Everyone?

If you've been to a real estate auction at the local courthouse steps recently, you may have found yourself to be the only one there aside from the auctioneer. Many people are wondering where all the bidders are especially since auctions used to be a good way to get a deal on a foreclosure property.

ABC 7 News (WJLA) was curious about this as well and ran a story on it earlier this month. Here's the video (couldn't get around the quick commercial intro, sorry):

-Danilo

Comments

[Foreclosure Buying]

This site may be of interest to some of you.
It has some practical information on the time line for bidding on a HUD foreclosure.

http://www.howtobuyaforeclosure.org/

Good Luck

[Foreclosure Questions]

Still too risky for all but the most experienced investors.

You wonder just how ugly this thing is going to get.