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How do you find bank repossession auctions?

A:

Quick Answer

Information regarding bank repossession auctions for vehicles is available on RepoDirect.com, while details about home auctions are posted on Auction.com, Realtytrac.com and bank websites such as Reo.Wellsfargo.com. Foreclosures and auctions are also listed in the Legal Notices section of print and online newspapers.

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To save a buyer from searching the newspapers for auction listings, Repodirect.com offers a paid membership that provides information on auctions for cars, trucks, recreational vehicles, aircraft, boats and real estate for sale.

Wells Fargo allows anyone, even those who are not Wells Fargo customers, to search for foreclosures on its website. The bank also offers email alerts and advice for buyers on what is needed to purchase a bank-owned home and how to make an offer at an auction.

Realtytrac lists auctions for every state in the United States, while Auction.com actually holds online auctions of bank-owned homes. The list of more than 10,000 homes includes photographs, starting bids and dates of the auctions. Help for buyers is available in the form of webinars, tutorials, and a community in which buyers can share information.

ForeclosureS.com is a website for investors interested in buying foreclosed homes. The site includes advice from many current investors that can help new investors. One blog discusses the good and bad sides of home flipping, which is buying foreclosed homes at auctions, fixing them up, and then reselling them.

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