Daily Foreclosure Lists – March Auctions

On March 8, 2010

Maricopa County – Tuesday March 9th, 2010 – CLICK to Download Properties Selling at Phoenix Auctions

Pinal County – Thursday February 25th, 2010 – CLICK to Review Properties Selling in Pinal County Cities/Towns

HOT PICKS – Friday January 15th, 2010 – Review a breakdown of some favorable properties selling at Auction for today/next day. Click HERE to view our hand picked properties selling at Trustee Sales in Phoenix, AZ.

The foreclosed property list is generated in the late afternoon or early evening of the day prior to sale except for the Monday list, which is available by Friday evening… Saturday morning at the latest. Trustee sale auctions do not run on Saturday, Sunday nor Holiday’s.

Contact Don Juvan with Alliance Bid Services for a consultation… Hard money loans are available. $10,000 cashier’s check required to physically bid on properties being sold at Arizona trustee sales. Our Bid Representation Service provides .real time. communication via mobile phone or walkie-talkie during auction bidding.

Maricopa and Pinal County Trustee Sale Auctions are typically held at 10am, 11am, 12pm and 2pm (GMT-07:00) Mountain Time – Arizona, however auctions can take place as early as 9am. Arizona is currently on Mountain Standard Time.

Don’s email address = don.juvan@alliancebidservices.com
Don’s phone number = (480) 444-6110

CLICK HERE for Contact Form – Investor Questionnaire – Alliance Bid Services


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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.