Good deals and cash return is up considerably at Las Vegas Foreclosure auction

By
Real Estate Agent with Realty One Group

After the slow end of 2010 and beginning of 2011 with Bank of America halting temporarily their foreclosure process, March, April and May of 2011 are hot again. The volume of properties getting foreclosed has been occasionally exceeding the amount of daily cash available at the Trustee auction, causing some good deals to go back to beneficiary, i.e. repossessed by the banks rather then being bought by 3rd party investors.
Recontrust (the trustee company for Bank of America) has been delivering exceptionally good opening bids on most of the properties. The average return on the cash for my clients went back to 15%-20% of a single property, up from around 10% at the end of 2010.
You can check the recent completed flips and our current inventory at our new website: http://http://foreclosureauctionflip.com/
Please call me with any questions regarding Trustee sales and foreclosure flips in Las Vegas at 702-556-5540, Iryna.

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