I.E. Foreclosure Auctions - Anyone have experience here?

[P.J. Bremner]

Hi BP,

I was wondering if anyone has had recent experience with bidding on auctioned homes in the Inland Empire?  Is this still a viable strategy in today's market?  What does your process look like for preparing for and bidding on these properties?

I am thinking about going to a couple auctions to supplement my direct mail, maybe pick up an extra deal or two per year but would like to get someone else's take on the subject.  Thanks!