Fred Eckert- 619.507.5688 Chicago Title,
Real Estate Pro, San Diego County, CA
John,
I would consider offering the people living in the property, if any, the money you would spend on an eviction. You might be surprised that they would accept, do less damage and maybe move out earlier than if you started an eviction. They might even make good tenants.
We can issue a title policy as an owners policy as soon as you get the trustees deed recorded (I have a one page request for that) and will even issue a binder if you want one. We can do this without an escrow. Let me know where to fax or email the form. Please call me if you have questions. 619.507.5688
Note: I have a video on buying at trustee sales at http://www.youtube.com/user/3fredeckert3
I would consider offering the people living in the property, if any, the money you would spend on an eviction. You might be surprised that they would accept, do less damage and maybe move out earlier than if you started an eviction. They might even make good tenants.
We can issue a title policy as an owners policy as soon as you get the trustees deed recorded (I have a one page request for that) and will even issue a binder if you want one. We can do this without an escrow. Let me know where to fax or email the form. Please call me if you have questions. 619.507.5688
Note: I have a video on buying at trustee sales at http://www.youtube.com/user/3fredeckert3
Max,
Both Buyer and Seller, San Diego, CA
Trustee Sales are high risk purchases, you seldom get to inside the property to inspect it.
You should be buying at .5 to .6 of current market value. You need all cash and future financing can have issues with the title. Get a pre title report
The most important is what you do before the Auction. Check all for all liens, Bank Liens, IRS Liens, Mechanics Liens, HOA Liens, judgements, because they become yours after you buy it. Also a lot of times the address is wrong, you need to verify APN and visit the unit you are bidding on. Talk to the owner or neighbors about unit.
Not to discourage you, just do your homework before the auction.
Here is the link to the only expert I know buying at trustee sales.
http://www.foreclosureforum.com/
Check out the discussion board for more information.
You should be buying at .5 to .6 of current market value. You need all cash and future financing can have issues with the title. Get a pre title report
The most important is what you do before the Auction. Check all for all liens, Bank Liens, IRS Liens, Mechanics Liens, HOA Liens, judgements, because they become yours after you buy it. Also a lot of times the address is wrong, you need to verify APN and visit the unit you are bidding on. Talk to the owner or neighbors about unit.
Not to discourage you, just do your homework before the auction.
Here is the link to the only expert I know buying at trustee sales.
http://www.foreclosureforum.com/
Check out the discussion board for more information.
