I would like to hear from those of you who have experience holding auctions, especially those of you in California. I am not talking about Foreclosure auctions, but rather the type where the homeowner still has equity in the house. With the current market climate of high inventory, auctions are beginning to look like a viable alternative to listing a property and waiting for it to sell.  What kind of fees can a Buyer and Seller expect in an auction situation? what are the requirements for both to participate? What about realtor referrals?  I am looking for someone to work with in The Los Angeles area, so if you or anyone you know may be interested,  I would like to hear from you.