Hey I ~
So is that a 1 or an I ? Or is like talking to me, myself and I? ;-)
I'm with you - that trustee's sale could end up being a real freak show! And for those naive, unsuspecting souls who think they're gonna pick up a $150K house for $11K, can you just imagine the looks on their faces? LOL
It's just my opinion, but I have found absolutely no value whatsoever in RealtyTrac. They're confused many more of my clients than they've ever helped. You're free to subscribe, if you want, but they are NOT a good, reliable source of information on REAL houses that are currently on the market.
Stew and I disagree about short sales. I think they should be avoided like the plague. Yes, I've done them. And yes, I've been successful at them. But it's a minimal success level, and so very much depends on the strength, experience and work ethic of the seller's agent. As a buyer a(and buyer's agent/broker), you're almost totally in the dark. Ever play "blind man's bluff" as a kid? That's what trying to buy a short sale property is like, to me anyway. They're also extremely time consuming, frustrating and lengthy, with only about 10% of them ever making it to closing.
On a more positive note, I'm working with a client right now who's in the market for a 3-bedroom single family detached house in the $50K-$60K range, in Phoenix. Believe you me, there is actually a nice selection! I'm not sure why you wanna pay cash, but if you do, then so be it. So if you're interested in my setting up a REAL search for you, and making ALL of the available properties available to you that meet or exceed your criteria, just let me know. You can find all of my contact points by following the link below.
Thanks, I! Looking forward to hearing from you again. :)