Where are the lists of Maryland trustee sales?
Information for real estate investors. We receive many calls asking about trustee sales. These are the foreclosure auctions that take place at the court house entrance in each of the Maryland counties. Most of the real estate investors that track trustee sales use the following websites that provide information on the majority of the sales in the Maryland suburbs of Washington DC. Some trustees handle their own sales or use different auction companies.
Blooming for real estate investors this summer.
Alex Cooper Auctioneers http://www.alexcooper.com/
Cohn, Goldberg, Deutsch http://www.cgd-law.com/
The Fisher Law Group http://www.first-legal.com/
Harvey West Auctioneers http://www.hwestauctions.com/
Tidewater Auctions http://www.tidewaterauctions.com/
All of the trustee sales are also advertised in newspapers one time a week for three weeks before the date of the sale. Prospective purchasers that are not familiar with the risks should exercise great caution before placing bids at trustee sales. Some may encounter difficulties in obtaining mortgage financing for trustee sale purchases. Seek professional advice and assistance to make sure you understand the process. The best way for new investors to learn about the sales is to attend the auctions for a period of time before becoming an active bidder.
In the current market, most of the properties that are sold at trustee sales are actually purchased by the secured mortgage lenders. The lenders then offer the properties for sale when they become part of the REO inventory of lender owned foreclosures. We represent our home buyer and investor clients as their exclusive agents.
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