Ever want to get a property at the county court steps but couldn't make it to the auction? Well this could be a thing of the past. As it turns out there could be a real time bidding site for trustee sales coming to your city and county. Dan Mayes the person behind the creation of Priceline.com has now come up with a solution for those who want to buy properties at auction but don't want to have to chase the property down and be at the county courthouse steps.
This new system affords it's users to get all of the information on the property to make an educated decision on what property to bid on or not. In addition it's real time bidding means you could be sitting in the comfort of your own home or office bidding on properties without having to stand around at the courthouse steps.
With today's technological advances it's amazing that this type of real time bidding is barely being invented. This system is currently being tested in AZ with plans for it to be expanded to other states who's markets have a high concentration of trustee sale properties. If this system is able to comply with regulations, laws and other such things it could create a whole new type of buyer similar to that of day traders.
Having said this I wonder now if this is going to be good or bad for the markets this system goes into?
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