You need to know that as of the date of auction, you are to be out of the home and as of that date, you have no legal rights to the home any longer
prlog.org is one of the legitimate foreclosure auction websites.
Yes, you get the best deal by buying a house at a foreclosure auction. You can read more at www.realtytrac.com/foreclosure/Auction/how-to-buy-homes-at-auction.html
One is done by the IRS, and the other is done by your bank.
30 days after the auction
You can find information about foreclosure auctions online by visiting www.auctions.com.
The homes in foreclosure are sold at auction after notice and publication of the date, time and place.
Not usually. Most local governments have foreclosure sale listings on their websites.
www.foreclosurelistings.com is one place to look
No, a cashier's check will work, too.
A foreclosure auction is a forced auction. The person who used to own the property being auctioned owed either the bank or the government money. For not paying the money back, their property is sold at auction to satisfy their debt. A regular auction could be anything and isn't necessarily to pay off debt, but usually to make a profit.
To bid at a foreclosure auction you will need a $5,000 cashier’s check payable to yourself , a blank personal check , a valid ID (government issued) a pre-approval letter from your lender or prequalification documents from the auction lender.
Be aware that a pre-foreclosure property is not necessarily for sale. The pre-foreclosure stage is the period between the time in which a Notice of Default (in non-judicial foreclosure) or lis pendens (in judicial foreclosure) has been issued to the homeowner and after the property is sold at a foreclosure auction.