How to Find Auction Dates for Homes in Foreclosure
One method for purchasing a foreclosed home is through a real estate auction conducted by an auction house or company. Auctions of government-seized properties are conducted frequently at locations across the United States, making home ownership possible to scores of bidders on any given day.
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Instructions
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Instructions
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Subscribe to a service. Foreclosure sites such as realtytrac.com offer auction alerts to their subscribers. Some of these services provide a daily update of auctions, sending email notification to your computer or cell phone.
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Visit auction sites. If you prefer not to subscribe (and pay) for auction house notification, a visit to an auction company's site will reveal when and where its next event will be held. You may be able to subscribe to alerts directly from the auction company, too.
Among the more recognized auction houses are J.P. King, Williams & Williams, United Country Auction Services, Hudson & Marshall, and Real Estate Disposition Corporation (REDC).
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Read public notices. Public notices, which are typically published in newspapers, sometimes feature upcoming auction dates. This method is used especially when the auction involves a local sheriff's sale where the sheriff is responsible for managing and conducting the auction. These homes often include those seized by the government for back taxes or due to illegal activity such as drugs or prostitution. Look for such sales in your daily and weekly newspapers.
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Tips & Warnings
Your auction company may offer online-only auctions in addition to on-site auctions.
Inspect foreclosed homes before the auction, obtaining as much information about the property before you place your bid.
The rapid-fire nature of an auction house event may mean that you will pay more for a foreclosed home than you should. When attending an auction, be resolute about staying at or below your top bidding price.
