Do you have a chance to inspect property you are considering for purchase at a foreclosure auction prior to the auction?
There is no chance a bidder would be able to request a viewing
of the property being auction of as a foreclosure! That having been
said, buying property at a foreclosure auction is an experience
unlike any other in purchasing real estate. Although it can be a
risky venture, it can often also very lucrative. Consequently,
while you should try to participate in a foreclosure auctions,
first-time and inexperienced investors should tread very carefully.
In contrast to an ordinary real estate sale, most times a potential
buyer will not even be allowed to inspect or survey the property
prior to the auction. Partially as a result of that, and owing
partially to the fact that one will have to come up with the entire
purchase price in cash over a short period of time, a purchaser at
a foreclosure auction would likely have to find nontraditional
financing and then later refinance to a more traditional mortgage.
== == Yes-- there should be a realtor that is handling the sale
although I have seen people just walk around looking in windows and