Investors
Many people make money in the foreclosure market. And many people don't. The difference between them often comes down to timing, information and good decision making. As INVESTORS ourselves, as well as Buyer Advocates, we know value and find the deals FIRST! We stay one-step ahead of the average Realtor by scouting out the best deals before they hit the MLS.
The auction investor only gets one shot at a property and profit or loss depends on research and preparation. For all investors it’s important to have all their ducks in a row, or as many as can practically be lined up. What’s worse than missing out on a good property? Buying a bad one that you thought was good simply because you didn’t kick over enough rocks. In the first case, it’s a story of the one you could have had. In the second case, it could be a story of how you were had. The REO Squad’s Auction Advantage will guide you through every step.
REO Squad’s Auction Advantage
Buying property at the courthouse foreclosure auction, or Trustee Sale, can be very rewarding but not easy. The difference between gain and pain comes down to knowing how it works and being prepared. As veterans of many auctions, we put together this guide to give you an overview of the process.
All auction properties are “As Is” and all sales are final. All sales are cash only. At the auction there are three scenarios that could happen with the property you are interested in. 1) The sale can be cancelled or postponed to another date; 2) The opening bid may not be low enough to spark interest and the bank retains the property; 3) The property is sold to highest bidder. Cashier’s checks for the full amount are required at that time. The competition is not great, so at this point your chances are good. Our goal is to win far below current market value.
- We find the best property (s) fitting your criteria
- We research any liens and do preliminary due diligence
- We will verify the current scheduled date(s) and location(s) of the auction held in either Riverside or Corona
- We attend and do the actual bidding for you
- Upon successful bid, we complete the post auction title work such as recordation of the deed.
One of the greatest tools we can offer you is the ability to locate pre-foreclosure properties. A pre-foreclosure is generally not advertised and allows you to get your offer in before anyone else knows.
Enter your criteria below. Click on any properties that are of interest. We will get back to you shortly.
