Tips for buying at foreclosure auction

DEAR BENNY: I would appreciate it if you would comment on the procedures for bidding on houses that are up for foreclosure. I suspect that one could get a decent deal, but I can't seem to crack the code on how to go about purchasing a house at a foreclosure auction. I realize that I have to show up with a cashier's check for the specified amount and make up the balance within 30 days, so I presume that I have to have all my anticipated financing in order. --R.B.

DEAR R.B.: I will answer each of your questions separately.

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