Does anyone know who is buying these foreclosures/auctions? Noticed that a house on my Mom’s street has a NOD and wonder who the typical buyers are: landlords looking for rentals? Flippers/Investors? People looking for a home? Who bids at the auctions?
I went to a courthouse auction once in Dallas in 1989 – the first bid was always the bank for the loan balance which was always more than the house was worth.
Is there a free online site that gives the details on foreclosures? I don’t know which house it is, but if it’s the one I think it is, then it is a POS that is hardly worth fixing up; a very uncharming tract home, a stones throw from interstate 5.
