This is one of the ways to buy on a bank REO that I have not tried or attempted to do. They literally hold auctions on trustee sales at the court house steps. There are many people who bid and buy this way.
Jim the Realtor has a few videos from an investor Adam who does bid and buy on a regular basis and shares his insights. According to Adam, he has successfully bid and won on 7 properties. This is very good information and I think Jim asks some great questions for anyone who has thought of trying to buy through this process.
Jim TV Adam Part 1
Jim TV Adam Part 2
Jim TV Adam Part 3
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