Thank you for your question, Alice:
Yes, these are very, very,very, high risk transactions.
Trutsee's Sales, or foreclsoure auctions are the closest thing there is to the old wild west and high stakes poker that there is.
There are absolutely no guarantees of any kind, and there are absolutely no refunds under any circumstances. There is no financing. All purchases are paid with all cash on the spot, paid with Cashier's Checks.
When I say there are no guarantees, I mean there are really, really, really are no guarantees.
There is no guarantee that you are even purchasing an interest in the property, even though you do get a Trustee's Deed.
There is no guarantee of good title, or clear title or that the property is free of tax liens, mechanics liens, garbage liens, judgments or many other possible types of liens that are too numerous to even mention..
There are no inspections allowed. If you attempt to inspect the property you can be arrested for trespassing.
There is no title insurance. .
There is no guarantee that you will even be able to occupy the property after you have purchased the property.
And, remember... there are absolutely no refunds under any circumstances.
Charles Butterfield MBA
Real Estate Broker/REALTOR
Cell Phone: (408)509-6218
Email Address: firstname.lastname@example.org