Thanks guys, my guess is that if I foreclosed, it would sell at auction in the high 70's and my payoff would be mid-70's by then, so the contractor will be mostly wiped.

We get a lot from auction companies like auction.com.

I know that in most states, when a property is foreclosed and goes to the courthouse auction and you are the high bidder, you own the house that day.

Are you talking about HUD auctions?

Place went to auction in May.

2012 Palm Beach Florida Secondary Tax Certificate Auction is open and ends Sept 7th 2012 at 9:00 AM Eastern.https://palmbeachfl.realtaxlien.com is the site.The parcels are from 2007 - 2011 tax years and for various reasons have NOT been in the annual auctions.

has anyone taken a look at the auctions on this site.

Make sure that your offer ans contract clearly states free and clear title and you give yourself a contingency period to review the title report.Had a colleague suffer through a lis pendens on a property purchased at auction.

I was recently looking at county auction sites and wanted to get some input on ways to protect yourself from buying these "as is" properties.

They were going to notify the previous owner to come get it, or auction it off if it wasn't claimed.