Purchasing a property from an Auction presents the highest possibility of return with the highest amount of risk. An investor should never attempt to purchase a property from Auction without legal advice. The Auction, whether it be from a Sheriff or private company, gives the investor an opportunity to purchase properties for a fraction of their value on the open market. However, it also gives no guarantees against unpaid property taxes, unpaid homeowner's associations, damage to the property, tenants or homeowners that must be evicted, municipal violations, and a list of legal liabilities that become the sole responsibility of the new owner. Individuals interested in investing in Auctions should contact our office before placing a bid.