A website to which I have access shows information that indicates that there is a house on Anchor Drive in Fremont that is in imminent danger of foreclosure. If you have the level of sophistication and experience that will allow you to go the Alameda County Courthouse and bid on this house when and if it does go to foreclosureâ€¦good for you. There may be an opportunity for a good dealâ€¦or notâ€¦depending upon a variety of details such as the condition of the property and the number and liens against it. Bidding at foreclosure auctions is not for neophytes.
If it is foreclose upon by the bank it will likely be purchased by an investor or flipper â€“ who may or may not put the house back on the market â€“ or it may revert to the lender who will eventually list it for sale in an effort to unload it from the lenderâ€™s balance sheet of non-performing assets.
On the other hand, if you are interested in buying in Fremontâ€¦or in any Bay Area communityâ€¦I suggest that you enlist the help of a full time local Realtor. We are in the midst of a fast-moving, sellersâ€™ market. If you are not knowledgeable about the current market conditions and prepared to participate in multiple offer competitions your chances of success are minimal.
Let me know if I can be of assistance.