Those I believe are snapped up by the people with inside knowledge right away.
If these things are done publicly, I think they get at least 85% on the dollar because you can get all the money you want today for horrible RE.
"Those I believe are snapped up by the people with inside knowledge right away. "
I used to work the CA PUBLIC tax sales for all counties. Yes, it pays to investigate the properties and no, it's not "inside knowledge". It is an auction. The counties want to collect the back taxes and get the property back on the tax rolls. There's no bank financing on these deals...cash only.