I’ve found a property on an auction site that was previously listed for sale on some realtor websites. The auction is in 2 weeks. According to the realtor sites, the house is bank owned and was being sold as a short sale. I’m not entirely sure how it switched to being placed on the auction block, but guess it had to be sold quickly.
Anyway, can anyone offer advice on how to buy this property before it goes on the block? I’ve been to some of these auctions and usually the desirable properties are scratched off the day of. Should I find who holds the note or try and find out what bank has the control over the property and make an offer beforehand? I feel like banks are too slow with shortsales and I wouldn’t hear anything by the auction.
Thanks