Sunday, November 24, 2013

Why Property Investors Get Foreclosures At AZ Trustee Sale Auctions

By Rachel D. Rivera


Trustee sales in Arizona can be a formidable strategy to easily obtain a great new investment property or new home for a discount. Whether you are looking to make monthly recurring cashflow, flip a house for a profit, or secure your next dream house for your loved ones, you will want to get a glance into the world of trustee sales in Arizona.

Statistics indicate that most home buyers hire a realtor and search for homes listed for retail costs. However, there's far less competition at the public property foreclosure auctions. This is not surprising for various reasons. There are great bargains to be found at the auctions, but it takes a larger degree of homework to find houses really worth bidding on.

* You must go to the Maricopa County Recorders agency to dig through countless properties up for public auction

* Physically check the properties for fixes

* Carefully check the title for liens and encumbrances (be sure its a primary mortgage and not a second)

* Get a precise value of the properties

* Show up at the place, either court house or attorneys offices, for the AZ Trustee Sale Auctions

* Have a $10,000 cashiers check appropriately made out to the trustee just to bid

* Be ready to have enough cash for the balance of property by 5pm the following business day

That can be very mind-boggling for 99% of real estate professionals or house buyers!!

Nevertheless, with all that being said there are corporations which specialize in helping either new or experienced real estate investors get foreclosure properties specifically at these public house auctions. They take the guesswork out of the equation and have a simplified process in place to allow shareholders to have a greater opportunity at success. This enables property investors to be more efficient and more productive with their precious investment capital. It does not matter if you are on the east coast or west coast, China, Canada or beyond...you also could use these companies from anywhere in the world.




About the Author:



No comments:

Post a Comment