Buying A Home At Auction [UPDATED]

Not every auction follows the same rules. Understanding the format is your first step toward a smart bid:

Before diving in, weigh the potential "steal" against the very real risks. Buying auction properties: What to know before you bid buying a home at auction

Whether you're looking for a foreclosure, a bank-owned (REO) property, or an estate sale, here is everything you need to know before you raise your paddle. The Three Types of Auctions You’ll Encounter Not every auction follows the same rules