The thing to be careful of is when you buy a froeclosed house it is "as is". You need to really check out the home. I would suggest spending the $100-$150 to have a professional give you their opinion. If you go to an auction there is typically a buyers premium up to 10% of the bid price. Do you r due dilligence call a title company and ask them to run a property profile for you on the property including recorded deeds etc. this will tell you quite a bit on the home, like sq. footage, debt on the home, when foreclosure notice was filed, if their are any liens on the property etc. Also, ask them to include comparables and send those to you as well.
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