Blood, sweat and tears at first foreclosure sale

"Know all men by these presents." It sounds like the kind of thing that should get said at a sheriff's sale, but I don't think anybody actually said it. In fact, the whole atmosphere of my first sheriff's sale – I went to one in Union County, N.J. – was remarkably informal.

When I was real estate editor at the New York Post I cautioned my readers against buying any foreclosed home because it's a box of chocolates – you never know what you're getting.

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