auctions

You’ve never set foot in the house. How risky would it be to buy it? You have a full-time job. How much time would it take to invest in a foreclosed property?  These homes are auctioned off in front of various government buildings in Orange County virtually every day. The auctions attract investors who seem to know what they’re doing, bidding [...]

If we look at SHADOW INVENTORY for Southern California we will find over 160,000 properties!  These are homes that either have a notice of default filed (missed at least 3 mortgage payments), are scheduled for auction (the next step from NOD), and are bank owned.  What incentive do you have if the value of the [...]