Auction.com
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About Auction.com
Auction.com is the largest U.S. marketplace for residential foreclosure and bank-owned property, and it sells real estate only. It lists two kinds of sale: foreclosure auctions, held before a home becomes bank-owned, and bank-owned (REO) homes that the lender already holds.
Foreclosure auctions usually allow no interior inspection, and before the sale they show no bid. A buyer's premium is added to the winning bid at a rate stated on each listing, reserves are common, and foreclosure sales may need a deposit in certified funds within a short window. Read each property's terms, because they vary by state and sale type.
Frequently asked questions
What is the difference between a foreclosure auction and a bank-owned home on Auction.com?
Who owns it when you buy. At a foreclosure auction the home is sold before the lender takes it back, often with someone still living there and no way to see inside. A bank-owned home already belongs to the lender, which on these listings usually means you can inspect it before you bid.
Can I inspect a property before bidding on Auction.com?
On bank-owned listings, usually yes. On foreclosure auctions, usually no, because the property is still occupied or the sale is happening on courthouse steps. Bidding without an interior inspection is the normal condition of that market, and it should be reflected in what you are willing to pay.
What fees does Auction.com add?
A buyer's premium is added to the winning bid, and the rate is stated on each listing rather than fixed across the site. Foreclosure sales may also require a deposit in certified funds within a short window. Read the terms per property, because they vary by state and sale type.
Top states for Auction.com
Where Auction.com currently has the most active listings.
