Auction Results - Posted Trustee Sales

November 25th, 2009 Trustee Sale Results

On November 29, 2009 ·

Foreclosure in Mesa, AZ

1939 E. 5th Ave Mesa, AZ

Built: 1960
Sq Ft.: 1408
4 bedroom/2 Bathroom
Sold at Phoenix Foreclosure Auction $66,100
Estimated Value – Zestimate $115,500

This Mesa, AZ Trustee Sale was featured on our foreclosure list properties in Arizona. There’s never been a better time to purchase investment property in Phoenix.

Under Auction Results - Posted Trustee Sales

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

On November 25, 2009 ·

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.

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.

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

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

On November 24, 2009 ·

Auction Purchase Price $64,100 Zestimate $114,500: 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.

Under Auction Results - Posted Trustee Sales

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.