im interested in the auctioned, how does it work and when

Asked by mikeyshotbabe, 92130 Fri Oct 4, 2013

Help the community by answering this question:

+ web reference
Web reference:


Harold Lear, Agent, San Diego, CA
Tue Dec 10, 2013
The problem, you and everyone else will be at that auction bidding on the same property.
We as a company offer a opportunity to use our service. We purchase auction properties then sell them to our investors at 70% Loan to Value. Usual earnings 10% to 30% per month. We even have an end buyer that will buy any properties that we acquire.
We get list of 15 to 20 properties a day from an exclusive list of all types of auctions. We do our home work prior to the auction so we know what properties to bid on.
Want more information
Harold Lear
Realty Connections
Pegasus Capital
0 votes
Bradley Neum…, Mortgage Broker Or Lender, Franklin, TN
Sat Nov 9, 2013
Research your local courthouse. For mortgage help, call or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states.

We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 415-5626.

Brad Neumann
Sr. Loan Officer
Crosscountry Mortgage Inc.
Toll Free: (855) 415-5626 ext. 5734
NMLS# 948036
0 votes
Kari Shea, Agent, San Diego, CA
Mon Oct 7, 2013
Hi Mikey,

We strongly recommend you go attend a few to get the flavor of the bidding. The people who attend the actions are professionals and experts at making it look like the new comers are getting a good deal, they are not.

The regulars carry backpacks full of cashiers checks of different denominations to add up to an exact purchase price. Joseph has a pretty good handle on the process, it is important you are prepared for what happens. We have worked with many auction clients and it is a challenging and complex market to learn.

Best of luck to you,

Mark & Kari Shea
Shea Real Estate
National Association of Realtors
CA BRE License 01713506
0 votes
Joey Rennick, , 91941
Fri Oct 4, 2013
I have worked with a couple of big auction buyers as clients. Auctions are held every day at the court house steps at around 10:30-11, usually you have 1 person bidding, and 1 person out in the field driving the properties and talking to the bidder. The day before or the morning of the sale, you pull a list of potential properties. You run comparables on all these properties to determine value and what your max bid will be. You send that list to a title company to make sure there are no liens superior to one you are bidding on. Email me at if you want to chat some more. - Joey Rennick (BRE Lic#01871454)
0 votes
rikriter, Home Buyer, Los Angeles, CA
Fri Oct 4, 2013
Go to and create an account for free. They have live chat customer service for any questions. They have around 14,000 properties available all over the country. Auctions are held every day and foreclosure auctions are listed and held "live" at various court houses and hotel ballrooms all across the nation.
0 votes
I agree with the comment as you need to be real seasoned to get a good deal at the court house steps as the prices have gone up significantly and the competition is fierce. I get off market properties here in San Diego from a wholesaler that has room for profit. Email me or text 858-414-5478 thanks... David R. Indermill Re/Max Associates BRE#01232827
Flag Tue Dec 10, 2013
Search Advice
Ask our community a question

Email me when…

Learn more