Newbie! Need Help with Potential Foreclosure Deal

[Angelica Osusky]

Hi everyone! I am looking for advice about a foreclosures condo that's being auctioned on hubzu.com. Has anyone had experience with this site or foreclosures in general? What are the necessary steps I should take to review this property before I actually decide to bid. Little description it's a 2bd 1ba little over 1,000sq ft. There are pictures & the place definitely needs work (as I am sure all foreclosures do. I would probably rehab & rent it out if I were to go for the deal. I have no prior experience with foreclosures so any advice, direction, or prior experiences with foreclosures/auctioned properties are helpful and appreciated:)

[Wayne Brooks]

If it's on hubzu, it's an REO (the foreclosure auction has already occurred). Look to the terms of the auction.....title insurance offered or not, find a local agent as hubzu pays them anyway. By all means, USE YOUR OWN TITLE CO. if you are the high bidder.