Bob "RealMan" Timm, Owner of Ward Co Notary Services retired RE Broker (Ward County Notary Services)

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Rainmaker
1,022,038
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

No. I have attended auctions though

Feb 20, 2020 06:34 AM
Rainmaker
860,815
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Yes, but it can be time consuming, and also a time waste as many people come up with the money to keep their property at last minute, so many of the properties get pulled from the auction.

Feb 20, 2020 09:38 AM
Rainmaker
908,303
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

yes....but at the 'virtual' courthouse steps.

Feb 20, 2020 07:03 AM
Rainmaker
4,212,201
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

For curiosity sake, I attended real estate auctions of this and other types but have not personally participated or represented buyers.  

Feb 20, 2020 06:41 AM
Ambassador
5,611,043
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

All of our foreclosure purchases were purchased from the lender after the sheriffs auction, for much less than they went for at the auction.

Feb 20, 2020 06:27 AM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    I have attended foreclosure auctions when they were held at the Courthouse.  Bought = none.

   In Florida today, most "Courthouse Foreclosure" auctions are done online.   Visit the Clerk of Court for the Florida county where the property is located.

   Here is Leon County (Tallahassee)    https://www.leon.realforeclose.com/index.cfm?zaction=home&zmethod=faq

Feb 20, 2020 07:50 AM
Rainmaker
923,770
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I have sold at Trustee's Sale!

Many people buy in this fashion.

It's buyer beware, but you do get time before the auction to research the property. You don't get to 'see inside'. So there's risk.

Feb 20, 2020 06:10 AM
Rainmaker
508,849
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I have not Bob "RealMan" Timm and I would be cautious with this one.  You cannot see the inside of the house. I attended once a long time ago but never bought any.  I think with the right of redemption in Texas this would be even more fun.  Big risk but can be a big return.  Also check out auction.com or hubzu.  They were really famous back in the day in my area. 

Feb 20, 2020 02:20 PM
Rainmaker
1,413,224
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I work with investors/flippers.  That's a big yes on the courthouse steps.  I even bid on one for them a couple weeks ago.  Lots of risk there and not for the faint of heart, or those without cash.

Feb 20, 2020 10:46 AM
Rainmaker
6,856,083
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

In Maryland, we have trustee sales at the courthouse steps. I have purchased a number of those properties to fix up and resell.

Feb 20, 2020 06:15 AM
Rainmaker
2,668,933
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes...in a court room supervised by the Judge held by the Trustee the bidding began. We needed this parcel to complete a gate community project and we had to have it. I was armed to win. The bidding started and that is when you find out how many people are bidding. After two rounds, I made an announcement: I will continue to bid until I get this property and said why. The other two dropped out. The judge was silent/stunned and the Trustee of course would have preferred higher bidding. Adding to that, I had to come back the next day with the money which is unheard of as you have to pay there and then. Trustee was upset but I convinced him

Feb 20, 2020 06:03 AM
Rainmaker
1,748,588
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

No but here in the 'big city' it can get kind of wild I've heard. There is a guy in my office that does it. Not for the weak hearted.

 

Feb 20, 2020 05:51 AM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I have not. I've been contacted by would be investors that wanted my help. I declined. Not my wheelhouse. 

Feb 20, 2020 10:38 AM
Rainmaker
2,044,370
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

My father bought a number of properties at Sheriff Sales

Feb 20, 2020 07:29 AM
Rainmaker
1,429,266
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

I have bought tax lien properties in the past on the county court steps.

It has become like the market now, generally going higher than they should and have not purchased in a few years now.

 

Feb 20, 2020 07:28 AM
Rainmaker
1,319,536
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I've mentored new investors at the county courthouse steps that wanted to try it (these were not sheriff's auctions), but I have never purchased that way myself. I've been to these auctions many times, but I prefer performing my due diligence prior to purchase and I was particular as to location and most properties seemed to be outliers in our county.  That said, we bought a boat at a sheriff's auction when I was a kid, but my Dad was a cop at the time (1970's) and knew what to do.

Feb 20, 2020 06:46 AM
Rainmaker
3,368,106
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

We really do not have sheriff sales here in NH. Our foreclosures are done in front of the property. Tax sales are a central location by the auctioneer. AND yes i have bought the all. 

Feb 20, 2020 03:05 PM
Ambassador
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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

No, but have attended just to watch the process to expand the knowledge base. 

Feb 20, 2020 01:52 PM
Rainmaker
5,764,120
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Bob,

No we have not...A

Feb 20, 2020 01:48 PM
Rainmaker
695,106
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

No I haven't 

Feb 20, 2020 01:02 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

not a chance.  I wouldn't dare buy anything without an attorney and title search and clear title.  My attorney has bought these properties at auction and done well with them, but he generally knows what he's getting in to.

Feb 20, 2020 11:13 AM
Rainmaker
5,162,041
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have not, but went with a buyer and she did.   She fixed it up, and then I sold it.   It can be a money pit without seeing the inside, but some do it.

Feb 20, 2020 10:12 AM
Rainmaker
1,172,264
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

yes. very competitive... anyone carries millions of money order? Never know what is for sale and do not know what the house looks like or debt info.

Feb 20, 2020 07:24 AM
Rainmaker
5,573,163
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no, but I've attended a few....

Feb 20, 2020 04:36 PM
Rainmaker
723,649
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

No I haven't Bob. When I read your question I thought you were going to have a story to go with it.

Feb 20, 2020 12:03 PM
Rainmaker
4,333,658
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have not.

Feb 20, 2020 07:00 AM
Rainmaker
268,699
Kris Collis, Associate Broker
Smart Way America Realty - East Stroudsburg, PA
Professional Results you Expect 570-801-5525

Bob "RealMan" Timm Before taking any sheriff sale seriously, be sure to get full title report.  

If you decide to get into them, you will want a team available - title officer, then attorney and CPA to cover all the bases for your specific situation.

Feb 20, 2020 05:53 PM
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I have not. I used to help an investor who did that, fixed and flipped but, I only helped her on the sale end of it.

Feb 21, 2020 06:38 AM
Rainmaker
563,226
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Yes, I have bought at the Sheriffs Auction (and still live in the property) and represented other Buyers there.  It is rare now to be able to get a "deal".

Feb 21, 2020 06:08 AM
Rainmaker
4,414,250
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Have attended but not purchased. Lender bid their owed amount and it was too high for me too compete!

Feb 21, 2020 04:45 AM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No, never have and do not plan to. Not my thing.

Feb 20, 2020 08:19 PM
Rainmaker
675,835
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I have never done so or represented a client at an in person auction.  They are crazy for not making them all online auctions.  I guess they just don't need the best offer they can receive.

Feb 22, 2020 05:56 PM