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Posts Tagged ‘foreclosure’

Dan and Laura Dotson with americanauctioneers.com conduct several self storage auctions on Labor Day. Large crowds turned out on a day when you might think that they would not. (800) 838 SOLD (7653)

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Laura Dotson conducts a typical self storage auction @ Westside Storage 2061 W Ave. J8 Lancaster, CA. 661 951 1551 americanauctioneers.com (800) 838 SOLD (7653) auctions everyday.

In less than ten minutes, learn the basics of how a trustee sale foreclosure auction works. •How to find the actual location of the auction •The three possible outcomes: postponement, cancellation, or sale •Things to watch out for, such as -Multiple auctioneers, possibly operating simultaneously -How to make sure you bid on the property youre interested in -The implications of a sale as-is •Qualifying as a bidder •A typical bidding scenario •What happens when you win

Buying a home at a foreclosure auction is very risky and not the best place for a first time home buyer to find a home. There are more risks than benefits and these risk should all be explored before even thinking about buying at a foreclosure auction. You can read more at: sccrealestateuncensored.com/2008/buy-foreclosure-auction/ micasamidinero.com/2008/comprar-casa-reposeida-subasta/

A typical day in San Diego at a storage sale. At American Auctioneers we also conduct a lock cutting service, video taped, inventoried and sold. Last second bidder gets his bid in right between the “SO- and the LD” (sold)Auctioneers decisions are final. www.americanauctioneers.com (800) 838 7653

Seminar detailing short sale vs. auction vs. REO, etc. Includes information on financing foreclosures.

Foreclosure Angel A woman buys a stranger’s foreclosed home… and gives it back to her. If you want to know more about this angel contact her on facebook and send her a message here: www.facebook.com Marilyn Mock Says ‘People Need to Help Each Other’ By JONANN BRADY Tracy Pottsboro lost her job and then her home when she couldn’t make mortgage payments. On Saturday, she watched as her home was auctioned off in Dallas. “The final farewell to my house,” Pottsboro said. “It means so much to all of us. It’s not just a house.” Auctions on foreclosed houses are an opportunity for some and agony for those who’ve lost their homes. From July through September of this year, more than 2700 Americans lost their homes to foreclosure every day, according to The Associated Press. In Texas, almost 9200 homes entered the foreclosure process in September. On Saturday, Pottsboro took her seat among the crowd, waiting for house No. 73 to be called. Marilyn Mock, a small-business owner from Rockwall, Texas, had accompanied her son, who was interested in buying a house, to the auction that day. Mock was sitting near Pottsboro and noticed that she was upset. “She was crying, and I asked her what is she upset about, and you know, she lost her house,” Mock said. When the No. 73 came up and the auction began, Mock said she asked Pottsboro, “Is it worth it?” “She said yes. & I just kept taking her word,” Mock said. Mock ended up winning the auction, with a bid of about 000. And just like that …

We attended several courthouse auctions to highlight how the home foreclosure and auction process works. Includes extended commentary from auctioneer and interviews on auction process