On the whole, I say a big old waste of time. But let's be clear on what kind of auctions we are talking about. 1.  Trustee Sale Auctions (Foreclosure Auctions) These are the auctions sold at the court house steps.  This is the third step (behind notice of default and notice of sale) of the foreclosure process in CA, where bidders can show up and purchase the lien position (specific rights) to the property.  From my experience, there is a lot of opportunity at these type of auctions.  But, with opportunity comes … [Read more...]