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Foreclosures Basics
Buying from the Owner
Buyer REO's Raising Cash
Buying at the Trustee Sale



 
 

They're Baaa-aack !!!!

The exciting dropped bids that have made the Trustee's sales the place to buy are back with a vengeance!!!


Prices at auction went up last month, because lenders were not able to focus on discounting properties, while the REO departments were short-staffed.  As of yesterday, the low bids are already back.  Look at a few deals from yesterday...


4BR/2BA HOME at 6529 Elm Ct in San Bernardino...


Value:  $131,000.00  Est Bid  $47,651.00  Sold for only....    $51,540.00   !!!


2BR/1BA HOME at 27171 Millar St in Highland...


Value:  $131,000.00  Est Bid:  $187,374.00  Sold for only....  $51,400.00  !!!


3BR/2BA HOME at 12183 Pluto Dr. in Victorville....


Value:  $89,000.00  Est Bid:  $237,015.00   Sold for only....   $46,841.00   !!!


All expectations are for increaed volume across the board.  The lenders are choosing to discount at auction as their primary outlet for properties.  This means investors can buy and flip or buy and hold at a strategic advantage.


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