Property Q&A in 94121>Question Details

Rosalie Anon…, Home Buyer in San Francisco, CA

How do I bid for this property?

Asked by Rosalie Anonuevo, San Francisco, CA Mon Oct 6, 2008

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Im sorry, but because Real Estate and Bidding can be comlicated to those like you that are coming`ll have to be more specific so I can give you a more accurate expalanation.
Do you mean Bidding for a forclousre, residential, commercial, lease..?
Id be happy to assit, just got to know a little more to point you in the right direction.
0 votes Thank Flag Link Wed Oct 6, 2010
The link has expired so I can't get the address. Trulia is getting some advertisements that are come-on postings.

If this is a city hall steps buy, you need to have vast experience and considerable resources and time to buy successfully. Payment must be in cash or cashiers check and in full on the steps. No contingencies and no backing out. Mnost of the time whenever I've gone there the sale is postponed or the lender sets a reserve price based on loan amount and obviously the property isn't worth the loan amount or the owner would have sold it.
0 votes Thank Flag Link Wed Oct 8, 2008
Jed Lane, Real Estate Pro in San Francisco, CA
I agree. Buying foreclosures, particularly on the courthouse steps, is an advanced type of buy and requires a lot of knowledge and/or experience. Make sure you have the knowledge to protect yourself or work with someone that does! Good luck.
0 votes Thank Flag Link Mon Oct 6, 2008
That home was supposed to go to public sale on August 5th. It's probably already sold. Your best bet is to find a local agent who knows the area well.

If you do not know foreclosures, please do not attempt to purchase a home on the court house steps. You can lose a lot of money by not having the proper knowledge.


Dave Tapper
Web Reference:
0 votes Thank Flag Link Mon Oct 6, 2008
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