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Updated over 5 years ago,

User Stats

958
Posts
276
Votes
Will F.
  • Investor
  • Los Angeles County, CA
276
Votes |
958
Posts

Advice for Auction buying in Los Angeles

Will F.
  • Investor
  • Los Angeles County, CA
Posted

I've been to the court house steps and witnessed Auction buying here in Los Angeles. 

So far it looks like you just show up with the cashiers check for the amount in full and make it out to the trustee.  Is it as simple as this? I already have the checks ready.  Any tips for this?

Anyone know why houses all the way in Bellflower are being auctioned an hour away in Pomona?

Also how do you look up liens? I suppose just have my realtor do this or work with a title company?

Do you generally get decent deals at foreclosure auctions? Of the properties I witnessed selling, they didn't sell for that great of a deal, but were slightly under what they would sell on the MLS. But I only saw a few sales. Also, a bunch of sales got postpond... anyone know what the deal is with that?

Thanks so much for any info, wold like to get some advice from some seasoned vet.

Best part about it is I met a fellow BIGGER POCKETS member there. Where you at bud?

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