Auction Results 11/20/2009 – Maricopa County, AZ

On November 24, 2009
Auction Purchase Price $64,100 Zestimate $114,500
Auction Purchase Price $64,100 Zestimate $114,500

Purchased at Trustee Sale $143,100 Zestimate $183,000

Purchased at Trustee Sale $143,100 Zestimate $183,000

To get next day’s list, give Don Juvan a shout at (480) 444-6110, or email him at don.juvan@alliancebidservices.com… he’ll shoot you over the entire list and his top picks.

We are working on our site in order to provide daily, detailed information and opening listing bids for properties going to sale. Please bear with us as we are in construction.

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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.