What happens at a foreclosure auction? Here’s how it works: Investors perform due diligence before the auction starts to determine their maximum allowable bid. It’s vital to stick to your bid number and not get caught up in the pressure of competition. Investors use foreclosure auctions as a way to secure deals because you can buy them for way below market value! Follow Two Guys Take on Real Estate for more tips and tricks to purchasing multiple real estate investment properties. #ForeclosureAuc

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In the world of foreclosure auctions, real estate investors are always hunting for promising properties up for grabs. These auctions, usually run by banks looking to sell off defaulted properties, involve a tug-of-war between eager investors and the starting prices set by the banks. Investors carefully assess property values in advance and bid cautiously. Interestingly, there are times when the initial prices set by the banks are higher than what investors are willing to pay, creating a tricky s