Foreclosure Auctions
Online, at a local courthouse or in person.

  • Ready

    Create an account, search for properties & conduct due diligence research.

  • Set

    Prepare your bid, funds & stay up to date with last minute changes right from your phone.

  • Auction

    Attend the auction event at the specified location/time & bring your funds for bidding.
CWCOT Explained
Claims without Conveyance of Title process begins when the Servicer identifies a defaulted FHA, VA, USDA insured loan that is eligible for the CWCOT program (Section 204 of the National Housing Act, 12 USC 1710). This program encourages 3rd parties to purchase homes at the foreclosure sale. The loan is then referred to BidOnHomes to commence the marketing and facilitate the sale of the asset at or after the foreclosure to a 3rd party.
Ways to Buy
Marketing Only: auctions will be cried by the Foreclosure Firm on Auction Day and Marketed by BidOnHomes.
1st Chance
Second Chance
Foreclosure Auction Events
Foreclosure Auction events can take place online, at a local courthouse or in person. Upon receipt of auction assets to market, BidOnHomes will market the asset to our website to include property information, photos, sale location and sale date once received.
Prior to auction day, BidOnHomes will confirm the sale is still scheduled, postponed or cancellation and update the website accordingly.
The foreclosure sale will be conducted at the time/place indicated on the Notice of Sale and posted on our site. In the event the asset did not sale, the property may be placed in a second chance auction event.
Remember to set an alert on each asset to stay up to date.
CWCOT Second Chance Auction Events
In the event the CWCOT asset does not sale to a 3rd party at the foreclosure auction, the property may be placed in a second chance auction event.
While marketing the asset as an online auction, the property is being prepared for conveyance, so dont wait to place your bid.
When the auction has concluded, if the highest bid has not met the reserve, the property is clear to convey.
If the reserve is met at the conclusion of the auction event, the bidder with the best offer will be sent a contract to execute. Upon execution by all parties a closing date is scheduled and at the closing, the title/closing company will collect the funds, issue title and send the Quit Claim Deed (or equivalent) for recording.
Remember to set an alert on each asset to stay up to date.
Foreclosure Tech For Buyers
State-Of-The-Art Platform that Features:
We give buyers true transparency, friendly user experience and innovation.
We create a highly efficient, personalized, engaging experience for all parties.
  • SMS
  • Events
  • Chat
  • Push Notifications
  • Email
  • Alerts
  • Tasking
  • Hire an Agent
REO Listings Events
Here is what or your Agent needs to submit an offer

  • Ready

    Create an account, search for properties & conduct due diligence research.

  • Set

    Prepare your documentation. Proof of funds, prequal and/or entity docs (if buying in an Entity) maybe required.

  • Buy

    Place your bid prior to the cycle end time & stay up to date with last minute changes right from your phone or web.
Increase your chances of winning with Auto Max Bid When Available!
LISTING EVENTSNot Your Standard Listings
Bidding Wars
Offers can be considered after the initial event has completed. Offers will not be displayed to other bidders.
Buy Now
Offers can be accepted, rejected or countered as soon as they are received. Offers will not be displayed to other bidders.
Reserve Auctions
Timed event with transparent high bid. Once the auction has ended, all offers are available to accept, counter or reject.
Buyers, agents, & sellers are notified real time of other offers!
$350,000
$360,000
$375,000
$400,000
$425,000SOLD!
Foreclosure Tech For Buyers
State-Of-The-Art Platform that Features:
We give buyers true transparency, friendly user experience and innovation.
We create a highly efficient, personalized, engaging experience for all parties.
  • SMS
  • Events
  • Chat
  • Push Notifications
  • Email
  • Alerts
  • Tasking
  • Hire an Agent
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