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Jody Ellis
  • Rental Property Investor
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Buying a foreclosed property at auction

Jody Ellis
  • Rental Property Investor
Posted

Help!!  I want to bid on a foreclosed property offered from an online auction but want to know what due diligence should be considered besides financial analysis..... Any insight from my BP friends?!?!?

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Kristine Ann
  • Investor
  • WNY/CNY/Adirondacks, New York State
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Kristine Ann
  • Investor
  • WNY/CNY/Adirondacks, New York State
Replied

I'm new to foreclosures, too.  I've found that you can go to the county clerk and county tax websites and get some information on the property. You can see what taxes are delinquent and read through the foreclosure documents.

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