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How to Find Foreclosure Auctions the Easy Way

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By : John Cutts    99 or more times read
Potential home buyers asking how to find foreclosure auctions can start their search on the Internet. Because Americans now are becoming more reliant on the Internet for most of their consumer information needs, most auctions and sales of all kinds of items and properties are already advertised on the Internet.

You can start your online search randomly by typing foreclosure auctions and the current month and year, including the name of the state or county where you like to buy a foreclosed home.

You can also go directly to the online newspapers of cities and states and look for the links to the real estate sections.

Many cities have business journals that provide lots of information on real estate, including foreclosure auctions.

If you are interested in homes located in rural areas or in the suburbs, look for auctions in small-town newspapers.

Other good sources of foreclosure auction information are the web sites of residential auction companies. These companies, especially the big ones, operate in various counties and cities across the country. They provide schedules of their upcoming auctions, including instructions on how to participate in the auctions.

In some of these companies' scheduled auctions, you can even start bidding on a property if you are already certain about the features and limitations of the property and if you are already qualified for bidding under their requirements.

You can also check out the scheduled monthly foreclosure auctions held by county courts across the country. Counties and cities in Texas, Florida and other states have set schedules for their court-supervised foreclosed home auctions.

In Atlanta, for instance, court-supervised auctions are held every first Tuesday of every month. Most counties in Central Texas such as Williamson and cities such as Austin also hold their auctions every first Tuesday of the month. Other cities hold their court auctions every second Tuesday of the month.

To make the most of foreclosure auctions, be prepared well. Check the percentage of deposit required and obtain a cashier's check. Remember, most auctioneers prefer cash payment and based on past auctions, most winning bidders were cash buyers. Nonetheless, you can also compete if you are armed with a pre-approved home loan from a bank.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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