where to find auction properties ?

must attend auction seminars to view it ?

what are the concerns during a buy process ?

I've posted about "repossessed properties, bank auctions and mortgagee sale" in my property blog. You may like to check it out at http://propertysoul.com/2011/09/06/repossessed-properties-bank-auctions-and-mortgagee-sale/

Hope it helps

Property auctions aren't the best way to buy a property, in my opinion, but sometimes for highly-competitive locations it's what you need to do. You obviously want to watch out for people artificially inflating the buying price by bidding it up without intending to pay, though this is quite rare. Beyond that, again, have a set maximum price you are willing to pay and don't let yourself be lured into bidding any higher than that. Plan ahead and you'll be fine.

Auction these days are not because of estate sale etc. Mostly, owners think that by going through auction, they'll be able to have a quick sale and get the highest price. There's also a min amount to start from, which imo, quite high sometimes. I receive emails monthly on pty auction. Sometimes u see the same unit every month for 3months but price also never drop. Guess sellers still looking at high prices. There's commercial and residential auction properties but its interesting to look at what is for sale. Don't expect USA style foreclosure...wait long long!