What clients should know before buying public auction foreclosures

Risks and rewards come with an auctioned home
  • Clients can reap substantial rewards when buying foreclosures directly at public auctions.
  • There are great risks involved with buying foreclosures at public auction.
  • Clients need to be educated as to how they can mitigate risk when purchasing foreclosures at public auction.

When investors purchase foreclosures through the multiple listing services, they are usually able to gain access to the interior of the property before making an offer and know that they will be guaranteed clear title before they close.