Foreclosure in 95624>Question Details

Arminder Lada, Home Buyer in Elk Grove, CA

Hi my name is arminder, if I am interested in one of the home that is foreclosure(auction) how can I get more information about that.

Asked by Arminder Lada, Elk Grove, CA Sat Sep 28, 2013

Help the community by answering this question:


Hi Arminder,

Following through Sue's excellent answer, the best source of information on a property that is in foreclosure is actually at the sacramento clerk recorder's office and the assessor's office. Here you can search for any possible liens that are on the property. At the assessor, you can get information such as the owner's name and address, the property info, etc. There are also websites that you can subscribe to get more information on a foreclosed property. I have to caution you that IRS, FTB tax liens are not extinguished by a trustee sale. Also, a trustee sale may be initiated by a second lien holder, in which case, the buyer still has to pay off the first lien holder.

As you can see, there are a lot of issues that one would possibly have to deal with when buying at the court steps. Nowadays, there are a lot of people (professionals) out there buying at the court steps. The difference in price is no longer significant.

If you are looking for a reasonably new home in elk grove, I would suggest it is better to just buy through an agent on the MLS. The risks are much less, you can do inspections, and you have contingencies, etc.

Let me know if you need any further info,

James Tan
bethany real estate
916 230 5250
0 votes Thank Flag Link Sun Sep 29, 2013
To answer your question, a foreclosure is actually a legal proceeding whereby a lender is executing their right to take possession of a property for nonpayment on a mortgage. After the specified period, (about 111 days in California) and on a date set by the trustee by direction of the investor, the home is set to sell at auction on the courthouse steps.

You can buy it on the courthouse steps. Most realtors are not assisting those sales. It's not trivial. You need to drive by the property (it might still be occupied so you are trespassing to get too intrusive...the homeowner may still live there). You may not be able to see inside, the condition of the home, nor know if it is still occupied. You have limited knowledge on whether there is clear title on the property. if there is a general lien against the homeowner, such as for back taxes, that lien is not cleared in a foreclosure, and may not show up in a quick title inquiry. Buying the home can mean you are responsible for those existing liens still. (while subordinate private liens, such as mortgages, are cleared, government liens aren't) So there are lots of risk, but possible rewards on buying on the courthouse steps. And you have to buy it for cash, payable at the time of sale. If the home is occupied, you need to follow state laws in evicting the homeowner.

If it is not sold on the courthouse steps, the lender takes back ownership of the property as an REO- Real Estate Owned property. These are sometimes sold directly by the lender, and more often by Realtors through the MLS. In this case, you would get clear title when you buy it, don't have to pay cash and have time to investigate the condition of the property. You will most likely also have competition, but plenty of time to remove any risks.

I caution you on assuming a home listed on a website such as Trulia, is actually for sale. Realist posts the notice of foreclosure, which is one notification in the legal process but does not mean the home is for sale...yet.

I would suggest you post the property that you are interested in. The respondents can give you detailed information about the property here, as to whether it's actually ready for sale, or just a foreclosure posting. And of course, you can see there are plenty offering to help.
0 votes Thank Flag Link Sun Sep 29, 2013
We are a team of 6 agents working with fireclosures, short sales, investments properties. We also have a law firm that been doing real estate for over 45 years. They help us in foreclosures and other sales to make sure there are no surprises.

Call Paul Singh
Keller Williams
0 votes Thank Flag Link Sat Sep 28, 2013
I can provide you with a list of current foreclosures and also be able to tell you which ones are a good deal. But still need to be cautious off which ones to buy. Call Paul Singh at 916-769-6644 or email me at

Paul Singh
Keller Williams
0 votes Thank Flag Link Sat Sep 28, 2013
Hi Arminder,

When working with an Agent they will be able to give you a lot more information on any particular property, an agent working for you will also be able to help you see new properties right as they come onto the market.

I live and work here in Elk Grove and have experience with helping buyers navigate all the various types of sales out there including foreclosures.
You can reach me directly on my cell 916-342-9066
0 votes Thank Flag Link Sat Sep 28, 2013
There are a few things you want to be careful in so you don't buy a home with more issues then you expected. Call me at 916-769-6644 I would go over items to watch out for and how to protect yourself. Call me now and ask for Paul Singh 915-769-6644
0 votes Thank Flag Link Sat Sep 28, 2013
You can feel free to contact me and I will be glad to assist you on it.


Jain Riahab
RE/MAX Active Realty.
Short Sale And Foreclosure Resource
Phone: (510) 676-4770
0 votes Thank Flag Link Sat Sep 28, 2013
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