Arizona Trustee Sale Investments

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The pre-foreclosure bidding game is a tough game to get into

Bidding on pre-foreclosure properties is a game all in itself. If you don’t know what you are doing, you can get trampled. The game is hot and heavy. There are rules to be followed. You have to know what to bid on, how to do the bidding and oh, yeah, did I mention, the rules keep changing. There is a strong possibility that the house you researched and planned to meet the opening bid on this morning, could have been pulled off the list or the opening bid may have been raised to a price you are not willing to meet.

 

Cash is an important part of the game, too. The “ante” is $10,000 just to get in the game. That’s just to open a bid. If you win the bid, you are required to pay the entire amount the next night by 5 p.m. In January, 2011, 72% of all pre-foreclosure auctions taking place in Maricopa County were for cash. Of course, there are sources waiting to help you with the cash flow.

 

A hard money loan is a specific type of asset-based loan financing. You can receive funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution The credit score of the borrower is not important, as the loan is secured by the value of the collateral property. If you are interested in a hard money loan, contact us to have a representative contact you within the 24 hours to discuss your specific needs and how AZForeclosureList.com can help.

 

In addition, if you need guidance or help breaking into the game, AZForeclosureList.com can help. Our staff handles the research which means you have more time to spend choosing which homes you want to purchase. And to make your job even easier, we’ve partnered with several local Arizona companies that provide our clients with title insurance services and title searches and access to hard money financing. We can provide the bidding, real estate and rehab services.

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In today’s economic and lending climate,
Hard Money Lender’s are as necessary as they have ever been!

Fidelity National Title
AZForeclosureList.com Proudly offers the following services provided by our long standing partnership with Fidelity National Title

- You will be bidding on a 1st lien hold position
- Receive a Fully-Cleared Title Search within 12 hours

* Above offers subject to change based on verbal agreement with
Fidelity National Title


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