Just know in the state of California, winning bidders pay the entire price in cash or cashier’s checks. You are unable to finance these purchases. Hence, the strong presence of investors at these sales(Foreclosure & Tax Deed) is quite apparent. With our current economy, I am seeing more and more cash deals transpire by investors than ever before. Hard money always talks and speaks loudly to any seller, including bank asset managers and the county's assessor's office.
WHY PAY AN EXPERIENCED REALTOR TO WORK WITH YOU?
Properties about to be auctioned at foreclosure auctions can be found through court records, legal notices in newspapers, the real estate classifieds or websites like RealtyTrac. The easiest way is to work with an experienced agent who understands all the nuances to these transactions.
While savvy investors can find deals at foreclosure auctions, not all properties are a steal. The unsophisticated buyer without a real estate professional by his or her side may get carried away during the excitement of an AUCTION. Funny as it sounds, it is true. The euphoria of an auction can sometimes take people over the edge and hence, produce the unwanted 'overbid'. Having a professional by your side is helpful to keep you on track of the objectives and budget of the transaction.
WHAT AM I GETTING WITHOUT AN INSPECTION?
WHAT'S THE PROPERTY WORTH?
WHERE DO TRUSTEE AUCTIONS TAKE PLACE?
Los Angeles County foreclosure auctions located:
12400 Imperial Highway
Norwalk, California 90650
Auctions take place outside on the steps.
Buyers should be aware and due diligence should take place with every transaction. For friendly and professional assistance, contact www.modernhomeslosangeles.com.