Home > Blogs > Bob & Leilani Souza > Souza Realty's Blog

Placer County, CA - Trustee Sales - Sold to 3rd at Auction (April 30-May 4, 2012)

By Bob & Leilani Souza

Real Estate Broker/Owner with Souza Realty 916.408.5500 California DRE #01262541

May 06, 2012 04:14 PM

Placer County, CA - Trustee Sales - Sold to 3rd at Auction (April 30-May 4, 2012)

Here is a list of 10 properties in Placer County, California that were sold to 3rd parties at trustee's sale auctions during the week of April 30 - May 4, 2012:

LINCOLN

1920 Allenwood Circle, Lincoln, CA 95648 (4/2, 2513 sq. ft. built in 2004) SOLD for $216,100 on 5/3/12

LOOMIS

3028 Orchard Park Way, Loomis, CA 95650 (4/4, 3766 sq. ft. built in 2005) SOLD for $445,000 on 5/2/12

ROCKLIN

5070 Grove Street, Rocklin, CA 95677 (3/2, 1700 sq. ft. built in 2005) SOLD for $199,100 on 5/2/12
2250 Abby Road, Rocklin, CA 95765 (4/3, 3043 sq. ft. built in 2002) SOLD for $143,100 on 5/3/12

ROSEVILLE

8540 Manor Road, Roseville, CA 95747 (5/3, 3120 sq. ft. built in 2004) SOLD for $367,100 on 5/1/12
1436 Southwood Way, Roseville, CA 95747 (3/2, 1458 sq. ft. built in 1988) SOLD for $190,300 on 5/2/12
689 Lilly Cross Drive, Roseville, CA 95678 (4/3, 1800 sq. ft. built in 1989) SOLD for $220,000 on 5/2/12
1801 Grouse Run Circle, Roseville, CA 95678 (3/2, 1733 sq. ft. built in 2002) SOLD for $230,800 on 5/2/12
1401 Crestmont Avenue, Roseville, CA 95661 (3/2, 1580 sq. ft. built in 1961) SOLD for $155,600 on 5/4/12
321 Clinton Avenue, Roseville, CA 95678 (2/1, 924 sq. ft. built in 1924) SOLD for $140,000 on 5/4/12

In comparison, there were 11 trustee's sale properties in Placer County, California that sold to 3rd parties last week.

Some of these auction properties may soon be listed on the market, so consider this an sneak preview of future investor flip listings in Placer County, California!

Please contact Bob Souza at (925) 513-3400 or Leilani Souza at (916) 408-5500 if you are interested in buying flipped properties through Souza Realty and would like to be notified when a particular investor owned property becomes available for sale.

Are you interested in buying a property at a Placer County trustee's sale?

If so, please contact Bob Souza at (925) 513-3400 or Leilani Souza at (916) 408-5500.

Want to know where the next deals are? Click below to search auction properties at trustee sales:

Re-Blog

Comments(8)

Comment

Show All Comments

Sort:

Doug Bullwinkel

E Mortgage Capital, Inc. NMLS 1416824 - Roseville, CA

Mortgage Loan Officer NMLS #281609

There is some money to be made by bidding at the trustee's sale. Cash only is the discourager for most but those with the cash in hand can find some bargains.

May 06, 2012 05:19 PM

Bruce Walter

Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Leilani, I just realized that these auctions are WEEKLY! Our county Sheriff auctions are monthly. Have you noticed any trends in the numbers auctioned off compared to two and three years ago?

May 06, 2012 08:24 PM

Ron Marshall

Marshall Enterprises - Saint Michael, MN

Birdhouse Builder Extraordinaire

That brings up another question, as a percentage, how many of these are sold to third parties as compared to the mortgage holder?

Thanks for the information on your markets.

May 06, 2012 08:59 PM

Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional

Charles Rutenberg Realty - Clearwater, FL

Palm Harbor, Dunedin, Clearwater, Safety Harbor

Auctions.....something I have never dealt with, but then I also don't do many bank owned or short sales. Great information for your investors!

May 07, 2012 02:42 AM

Bob & Leilani Souza

Souza Realty 916.408.5500 - Roseville, CA

Greater Sacramento Area Homes, Land & Investments

You're right, Doug...those with cash in hand can find some bargains, but they do need to do their homework so they're not stuck with something unexpected. Last week, someone bought a 2nd mortgage and I just hope they were aware of that. :)

Leilani

May 07, 2012 10:47 AM

Bruce, our auctions are held multiple times a day here in Placer County in six different locations! To answer your question, there were some pretty good deals in the past that don't seem to happen very often nowadays because there is a lot more competition among bidders. Most sales are bid up from the opening bid amount, but sometimes we're lucky. We just got a property for a "penny over" opening bid last month. :)

May 07, 2012 10:51 AM

Ron, last month there were 83 bank owned compared to 50 sold to 3rd party sales. Here is a link for these statistics month-by-month:

Foreclosure Activity Reports

May 07, 2012 10:58 AM

Barbara-Jo, real estate is indeed local! I would imagine that Clearwater, Florida wasn't as affected as we were by the foreclosure wave. Around here, if you don't deal in bank owned or short sale properties at all, that significantly reduces the amount of inventory you have to work with. :)

May 07, 2012 11:03 AM

Placer County, CA - Trustee Sales - Sold to 3rd at Auction (April 30-May 4, 2012)

Comments(8)

Bob & Leilani Souza

Service Areas

Real Estate Resources

Recent Posts