Archive for courthouse auction

How to Buy a Home for $101There Kim and I were, standing in front of the Bartow County Courthouse in Cartersville, Georgia, at the December 2010 foreclosure auction – freezing our tails off.  We’ve been working the monthly foreclosure market since 1995.

Cheryl Bagby, the young lady who cries the foreclosures for McCalla Raymer, the largest foreclosing attorney in the southeast, had just finished reading the legal notice for a home in Acworth, Georgia.

It was a nice 3-bedroom, 2-bath home in a great location on about an acre of land.  The home was rented to a tenant who was paying rent of $795 per month.

When Cheryl finished reading the legal, she said, “The opening bid for this property is $100.  Are there any other bids?  Going once, going twice….” What happened next will blow your mind!  But you’ll have to read along a little further if you want to know how this story ends. Read More→

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