Feel free to call me at 415-200-7202.
However you need to read the foreclosure notice to be sure. My Real Estate Law professor used to use the sidewalk in front of his office as the public place so he wouldnâ€™t have to go all the way downtown. (This was especially true where the property was going back to the bank who would not entertain underbids.) He used to joke that if you ever saw him talking to himself out in front of his office, that he wasnâ€™t crazy â€“ he was just conducting a foreclosure auction. (Note* I took Real Estate Finance before people had cell phones with blue tooth, etc.)
The sales are cash or "cash equivalentâ€ (i.e. cashierâ€™s check) and final. That means that the buyer gets no contingency period for due diligence and typically the only prior inspections a buyer can do is a drive by.
These sales are not for anyone who has to ask where they are. If on the other hand you want to learn more than go by all means but watch and learn before you buy. A recent story of a couple in Santa Cruz comes to mind. They bought at one of these sales and when they tried to take possession of the property they finally learned that they had bought a note that was in second position on a property and the note that was in primary was foreclosing also. So all they got was a worthless piece of paper.
Have you a particular property in mind? And are you aware of how this process works on the court steps.