Foreclosure Properties for Sale

                  Investors at the steps of the court house waiting for a good catch



Properties sell everyday outside of the court house.

Properties are selling at the steps of the court house everyday. Those properties are going to be foreclosed. The banks have a determined sale's price. They start with a minimum bid. Investors are there with cashier checks to try to buy the property they have already studied.

Before attending this event, the cash investors have checked the comparables, title records, conditions of the properties, and most important, who is foreclosing on the property. Some properties have one, two, three or more liens (loans). It is important to make sure that the bank that is foreclosing is the first lien holder.

    It is important to check on the properties' owed taxes, Homeowners Association accounts, or any other liens.. Once the investors are sure that it is a safe purchase, they determine the highest that they are willing to offer at the moment of the bidding.

Things go very fast there. You have to be very alert. Properties are bought in matter of seconds. No escrow or any time consuming transaction process. Usually, those properties are sold for about 20% to 30% discount appreised value. The question is, who has the cash to buy them?