With foreclosure rates spiking, more homebuyers may heed the siren song of the auction, a sound that can mean sizable savings for some. But it also might mean you're the proud owner of a money pit.
Opportunities to buy homes at auction are on the rise. Some experts say the share of homes sold at auction could double this year.
One potential advantage for today's auction shoppers is inventory. The number of foreclosed properties is clearly on the rise.
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