I've never been to foreclosure auction?
Wondering if it works like a regular auction where you can just keep on incrementing your bids or do they make them sealed bids?

Quote Originally Posted by August West View Post
Potential problem is how do you know what to bid without an appraisal? You could submit a low-ball bid and see what happens. But you need a competitive bid to win. How high a bid is enough to win without being too much? That takes experience. Tough call. I would be very careful as a first time home buyer without experience.