Watch a home foreclosure auction for Monterey County take place right on the court house steps in Salinas. Buing at a foreclosure auction is not for the inexperienced or the faint of heart! This is a true case of buyer beware as you are not able to obtain reports and in most cases cannot inspect the interior of the house. Also be prepared to bring you piggy bank as you need to pay cash. More common is waiting until the foreclosure process has finished and then buying directly from the bank.