Bid Homes 101 — Auction Tracker

🏦 Mortgage Foreclosure (What you want)

The bank is recovering an unpaid mortgage. If you win: deed is yours, foreclosed mortgage is wiped out, max bid = your total cost for clean title.

✅ Target: active listings, bid visible, assessed value well above max bid.

🏘 HOA / Condo Foreclosure (Risky)

The HOA is recovering unpaid dues (~$5K–$20K). If you win: deed is yours but the first mortgage survives. Bank will typically foreclose within 6–12 months.

⚠️ The $10K bid does not mean a $10K house — you inherit the mortgage.

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Under $100K

💰 Equity Calculator Show deals where assessed − bid − repairs ≥ target profit:

Repairs $

Min Profit $

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🏠 Bid Homes 101 — Auction Listings

Date	Status	Prop Type	Type	Address	Case #	Final Judgement	Assessed Value	Max Bid	Deal Score	First Buy 🎯	Equity $	Relist #	Competition	Property	Appraiser	Zillow	Maps	Taxes	Notes	Watchlist

📝 Property Notes

🏦 Mortgage Foreclosure (What you want)

🏘 HOA / Condo Foreclosure (Risky)

🏠 Bid Homes 101 — Auction Listings