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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

HomeLight

With online foreclosure auctions, you submit your offer digitally during a designated day and time. They may also allow you to see the amount of other bids, but sometimes you’ll be bidding without any idea how much money others are offering. He advises that you set your numbers in advance so your spending doesn’t get out of control.

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Flipping Houses in Texas: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. Work with your real estate agent to evaluate rental listings and tap into the MLS. Consult with a designer if you don’t know which renovations will be most appealing.