Auction.com

[Imad M.]

Has anyone used auction.com? They have high premiums but have exclusive offerings. Are auctions worth the risk in your opinion depending on the deal even though you have not seen the inside of the property? What signs do you look for to give you a better understanding of the investment?

[Kate Horrell]

Originally posted by @Paul Danieli:

Oh Hey, Check this out. . .

I know now that the bank was only into this house for 112K loan balance. If I had found this property before the bank took it for 112, I could have bought it from the homeowner for 120 don't you think?

You WOULD think, if you had the information before AND if the homeowner was rational. The first problem might have an easier solution than the second problem :)