Posted by Lyal on September 23, 2003 at 15:23:17:
I’m pretty sure others will chime in here but…
I’m assuming you’re talking about a foreclosure auction. Not really the place to be cutting your teeth. Easy to get yourself beat up pretty bad. Remember, just because you win the bid (if you bid)in many locales you do NOT own the property. There is a redemption period where the owner can get the property back.
Check this link:
All the best,Lyal