bank owned: 5 Tips For Using A Bidding Service To Purchase A Home at Trustee Sale in AZ - 03/09/11 07:48 AM
The following tips are applicable to all bidding services.
Purchasing a property at a trustee sale, or auction, represents one of the best ways for sophisticated investors to acquire equity in real estate. In this article we will discuss what to look for when using a bidding service to assist you in purchasing a trustee sale at auction.To begin, trustee sale auctions happen every weekday, and most are held at the steps of the County Courthouse; some are held at the offices of the Trustee.Many who choose to purchase a trustee sale opt to go with a bidding service. The reason … (0 comments)

bank owned: Investors looking to buy Foreclosures at Trustee Sale in AZ....Check this Out! - 02/10/10 03:52 AM
Investors, are you frustrated with short sales and bank owned properties listed on the MLS? Inventory levels of foreclosed properties are still relatively low, which means that most of these properties are selling near market value here in AZ. This means that if you are looking to buy and flip, you are going to have to explore other options.  What about properties that never make it to the MLS? It amazes me some of the HUGE profits I am seeing investors turn these days.  Banks are letting properties go for well below market value at Trustee Sale.  It seems like such a daunting … (2 comments)

bank owned: Tips for Making a More Competitive Offer on an REO/Bank Owned Property - 02/04/10 03:11 AM
   "How do I get the seller to accept my offer"? This question typically comes to us from our clients, out of frustration, after they have made many offers on multiple properties, getting beat out each time! We have experience listing REO's, Short Sales, ‘regular' sale properties, and builder specs. Here is a typical scenario on a bank owned home that is newly listed for $150k:
    Multiple offers are often received within the first 10 days on market. If there are 5 offers on the property, 4 of 5 will look like this: FHA loan, $150k offer, 1k earnest, 3% seller … (8 comments)