11-24-09 AZ Property Auction Results – Maricopa & Pinal Counties

On November 25, 2009

20080131031807090220000000.jpg

526 E. Gable Ave. Mesa, AZ

Sold at Trustee Sale: $55,000

Zestimate : $106,500

Lots of Built in Equity for this Mesa AZ Foreclosure. Income property in Arizona is providing excellent cash-flow opportunities for those investors wishing to expand their portfolio of Mesa rental homes. Get advanced notice of similar properties offered at Trustee Sale by requesting a foreclosure list.

20090123172911284756000000-o.jpg

3801 N. 84th Ln. Phoenix, AZ

Sold at Trustee Sale: $42,100

Zestimate: $102,500

Large return on investment for this Phoenix fix and flip. Instant equity can be achieved by purchasing Phoenix Auction Homes

for your next property rehab.

20080722134152917029000000-o.jpg

35671 North Mirandesa Dr. Queen Creek, AZ 85243

Sold at Trustee Sale : $77,000

Zestimate : $92,500

Real Estate Investment in Queen Creek is hot again as prices reach all time lows. Bid at Trustee Sales in Pinal County

by using our exclusive bid service.

Under Auction Results - Posted Trustee Sales
One-On-One Consultation Alliance Bid Services LLC
Don Juvan - (480) 444-6110
- Go To Contact Form -
Get Tomorrow’s Property Auction Listings
AZ Foreclosed Property Lists - Trustee Sale
Top Property PICKS – Daily
Our Hand-Picked Investments
Resource Articles & Posts

- 90-day Flipping Rule Waived by HUD; 1 year lift beginning Feb 1st

- Power House Flipper – 28 of 31 Homes Purchased at Phoenix Trustee Sales Sold in 2009

- Foreclosures Spike in December 09, Investors Seeking out Rental Properties

- U.S. Job Loss Slows in Jan. - Market Showing Signs for Stabilizing

- Obama Administration Pushing Short Sale Transactions in an Attempt to Curb Foreclosures

- Obstacles for Home Flippers and the FHA Seasoning Rules

- Phoenix Median Home Values Rise 7 Straight Months

Foreclosure Auction Results - Phoenix Metro
Wholesale Properties
Strategy for Investing – Foreclosure Auctions

1. First and foremost, find a source that is providing foreclosed property listings with 'comprehensive' information, and develop a system for filing.
2. Filter through the properties locating the real estate with built in equity. What is owed? Are there any junior lien holders?
3. Investigate the neighborhood comparables, comprise a list map, then get in your car and visit the properties.
4. Set your maximum bid price. This sounds simple and straightforward, however the fast-paced action of the bidding process can cause the most reserved person to hastily over-compete for a not-so-great piece of property.

AZ Auction Process – Trustee Sales

1. 90 days has passed since the Notice of Trustee Sale is issued. Prior to sale, the Trustee establishes the opening or minimum bid to be accepted at auction by referring to the calculated Credit Bid Statement prepared by the respective Beneficiary.
2. On the 91st day, said property is put on the auction block. All bidding is open and verbal. $10,000 cashier check in hand is required by all parties bidding.
3. Highest bidder must present the funds in total to the Trustee by 5pm of the next business day in order to gain title.
4. Acceptance of funds results in the recording and conveyance of a Trustee's Deed; funds are disbursed to the Beneficiary.