| I have gone to a few of these auctions up here. All the decent properties are bid on bu the bank for full price. if the bank isn't going to bid, i.e let it go it really aint; worth much, Some of the homes up for auction still have the foreclosed owner occupying them and it is up to the buyer to oust them.
Some decent deals to be had on plain land though. We got all the bank books (they are all about 20mm thick) and circled the homes & land we like. we were methodical, we went and viewed the properties, we copied down the listing numbers, addresses and any other pertinent notes on each interesting property. Without exception the bank made an initial bid (as is their right) for the full listed purchase price.
Finding the property you like and then dealing drirectly with the bank is by far the easiest way to go. Like Thetyim mentione you might have to have a few options with different banks Some the guys running these banks are just plain fuckin dumb. They've been sitting on properties waiting to get their price for ages...
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For art to exist, for any sort of aesthetic activity to exist, a certain physiological precondition is indispensable: intoxication.
insanity...
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