Monday, August 28, 2006

Foreclosure Auction: Investor beware

Buying a foreclosure property at the auction on the local county courthouse steps isn't for the faint-hearted. Make sure you've done your research.

In fact, we often recommend buying properties in the "preforeclosure" stage, before they go to auction. If you market to foreclosures, you can often get in before the sale date, and have time to inspect the property, and negotiate with the homeowner, and possibly even the lender.

Here's an article from the Orange County (CA) Register about buying a foreclosure property at the county courthouse auction.

No comments: