Buying US land / real estate via online auction?

Compound

Shufflin'
Jan 15, 2010
406
9
0
Saw this today:

One Chinese office worker paid $8,800 through an online auction by chance and bought 1,000 square meters of land in Miami of US, the Guangzhou Daily reported on Wednesday.

The Florida-based seller, United Solutions of American LLC, said the land belonged to a company near bankruptcy.

Anyone have experience doing this?