Flipping America 238, The Foreclosure Auction

podcast 238, The Foreclosure Auction

Expected Air Date: 4/4/19


Buying Foreclosures at the courthouse auction. Today I’m going to share with you the entire process of buying at the foreclosure auction. I will cover all of the major steps from finding, analyzing, bidding, and what to do after you win the bid. All this and more coming up. 

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Not a question but more of a sneer: Don’t you feel great preying on other people’s problems?

 Your Questions:

  • Warren, Duluth, GA, “How can I get a list of foreclosures in Georgia?”
  • Peter, Tampa, FL, “What are the financial arrangements for buying at the foreclosure auction? How much money do I need to bring?”
  • Connie, Decatur, GA “The ad says cash or certified funds. I guess that means official checks, but if I don’t know how much I’m going to bid, how do I know how much to make out the check for?”
  • Demetrius, Macon, GA “What type of Deed will I receive? Will it be free and clear?”
  • Presley, Milwaukee, WI, “From a list of more than a hundred properties being sold — and I can’t believe it’s so many — how do you begin to sort it all out to decide what to buy? Do you look at all of them?”
  • Collette, Douglasville, GA “How do you get into the houses to see what kind of work they will need? I’ve driven by a few and it looks like people are still living in them.”
  • Earl, Hoover, AL “What is the right of redemption? It sounds like a reason I would NOT want to buy at the courthouse steps but perhaps I am misunderstanding.”
  • Cynandra, East Point, GA “If I buy a house and people are still living there, what do I do with them?”
    • Cash for keys
    • Eviction
    • Sell back to them for better deal?
  • Jennifer, John’s Creek, GA “I just heard that it takes 30-60 days to get the deed from the foreclosing attorney. What is my legal status in the property during this waiting period and what can I do with it?”

Comment Line calls and Questions

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Motivational Thoughts for the day

  • “Security Is Mostly A Superstition. Life Is Either A Daring Adventure Or Nothing.” – Life Quote By Helen Keller

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