Читать книгу Foreclosure Investing For Dummies - Ralph R. Roberts - Страница 70

The auction close doesn’t signal the end of your opportunity to acquire foreclosure properties. For investors who choose to focus on post-auction properties, an auction's close signals the beginning. These investors don’t want to deal directly with homeowners, and they prefer to avoid the sometimes-messy auction process. They’d rather buy properties from the new owners.

In the following sections, I list various opportunities and resources for tracking down post-auction properties, from bank-owned and government-owned repos to properties that have been seized because they were paid for with ill-gotten gains. You can make a good profit by focusing on any one of the categories I describe.

The opening bid at an auction is typically the amount owed on the property, plus attorney fees, plus a dollar. Contrary to what many people think, banks don’t want to be in the real estate business, so they rarely bid up a property to take possession of it. A bank holding a second lien, however, may bid on the first lien to protect the bank’s interest.