How Do I Buy Properties At Trustee Sales In Placer County, California?
Here are the 10 steps to buying properties at trustee's sales:
- Obtain addresses of properties with a Notice of Trustee's Sale.
- Drive by the properties you are interested in.
- Research title for any liens or encumbrances that you will inherit.
- Make sure you have enough cash to bid on your selected property.
- Show up at the designated time and place of the trustee's sale.
- Start bidding when your property comes up for sale.
- Hand over the money to the auctioneer if you are the highest bidder.
- Wait for the auctioneer to write you a receipt of sale.
- Evict the owner, tenant or squatter (unless you want them to stay).
- Record the deed at the county recorder's office.
If this sounds easy, you'll do just fine investing in trustee sales all by yourself!
If you decide to buy properties at trustee sales alone and have questions about any of the steps described above, you can always search for answers on the internet and "hope" they come from a reliable source! ;)
-OR-
You may want to consider hiring a professional who specializes in buying property at trustee sales. At Souza Realty, we provide investors with assistance in any or all of the areas described below:
- Auction properties list (with address and descriptions)
- Title research (done by a local title company)
- Exterior photos (interior if the property is listed as an active short sale)
- Estimate of value (as-is, remodeled or monthly rental amount)
- Bidding services (investors typically have better things to do than stand at the auction for hours)
- Occupancy by former owner or tenant (we're familiar with the new laws for foreclosure evictions)
- Marketing the property for sale or rent (real estate & property management is what we do!)
If you would like a quote for our services, please contact us and we will put together an estimate based on your needs. We also offer a rebate for clients that list their properties with us when they are ready to sell. :)
BOB & LEILANI SOUZA
Real Estate Investment Specialists
Southwest Placer County, CA
Bob Souza - 925.513.3400 - bob@souzarealty.com
Leilani Souza - 916.408.5500 - leilani@souzarealty.com
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