Foreclosure in 90265>Question Details

Alex Mattson, Real Estate Pro in Malibu, CA

A home is up for auction at the end of the month. Is there anyway for me to do an all cash offer to purchase the home before the auction date?

Asked by Alex Mattson, Malibu, CA Tue Apr 8, 2014

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Answers

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Until the actual Trustee sale the property belongs to the current owner. You may try to purchase it from the owner before the sale via a short sale transaction. This may in fact delay or stop the Trustee sale.
Good luck,
1 vote Thank Flag Link Tue Apr 8, 2014
The answer depends on where the foreclosure lies right now. Is it on the mls? If so, you can bid on it. If it's not on the mls, you can try contacting the lender....but probably can't buy on it.

Remember also that with foreclosures, lenders expect full market value on their homes.

Best of luck.
1 vote Thank Flag Link Tue Apr 8, 2014
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