Northern California Auction

[Account Closed]

I am a buy and hold type of investor. Bought a few good SFH in bay area in 2009-2012 period which gave me tremendous returns. Have cash pile up, cannot find good deals of retail SFH in past 3-4 years however, I have been standing on sideline since. Never been to an action or trustee sale. Auction.com keeps sending me some leads. These are basic title search: See these info. From list below, does it mean there are three liens: two mortgage, one credit line unpaid. As long as I find out the auction were from 1st lien's trustee, then I could go ahead to participate bid?

Assessed Value: $369,851 Percent Improvement: 81.09% Land Value: $69,930 Tax Amount: $4,119.46 Improvement Value: $299,921 Tax Account ID: Homeowner Exemption: H Tax Rate Area: 1-002 Tax Status: Current Tax Year: 2016   

Foreclosure Record Recording Date: 01/30/2017 Document #: 2016-264310BK-PG -  Min. Bid Amount $204,233 Legal description: 

Foreclosure Record Recording Date: 08/16/2016 Document #: 2016-164068 BK-PG - Document Type: Notice Of Default Case Number: 045889-CA Beneficiary Name: Trustor Names Trustee Name: xxxx CORP Mailing Address: 045889-CA Loan Doc #: 2003-544298 Loan Date: 11/04/2003 Loan Amount $256,600 Contact 

Mortgage Assignment Recording Date: 05/20/2016 Document #: 2016-095852 BK-PG - Loan Amount $256,600 Document Type: Assign ent Of Original Lender Origination Doc #: Borrowers Name Origination Recording Date: 11/04/2003 Effective Date 05/19/2016 Assignor Name: Assignee Name 

Mortgage Record Recording Date: 01/05/2005 Document #: 2005-004922BK-PG - Loan Amount $150,000 Loan Type: Credit Line TD Due Date: 12/23/2024 Type of Financing: Interest Rate: Lender Name: CITY BANK Lender Type: Bank Borrowers Name Vesting: Joint Tenants 

Mortgage Record Recording Date: 11/04/2003 Document #: Loan Amount $256,600 Loan Type: Conventional TD Due Date: 11/01/2033 Type of Financing: AR Interest Rate: 5.87% Lender Name Lender Type: Lending Institution Borrowers Name Vesting: Joint Tenants Fixed Step: Rate Starts As FIXED. Adjustable Rate Index: One Year T-Bill (1 Yr C T) Change Index: 2.75% Rate Change Frequency: Annually First Change Date: 11/01/2010 Int Rate not <: 2.75% Int Rate not >: 10.87% Maximum Interest Rate: 10.87% Interest Only Period: Prepayment Penalty Rider: No Prepayment Penalty Term: 

Mortgage Record Recording Date: 07/31/2001 Document #: 2001-222392BK-PG - Loan Amount $211,500 Loan Type: Unknown Loan Type TD Due Date: 08/01/2031 Type of Financing: Interest Rate: Lender Name Lender Type: Lending Institution Borrowers Name Vesting: Joint Tenants 

Prior Transfer Recording Date: 11/07/1989 Document #: 15463471 BK-PG - Price: $220,000 Document Type: First TD: N/A Type of Sale: Mortgage Doc #: Interest Rate: Lender Name: Buyer Name: Buyer Vesting: Seller Name: Legal description Abbreviated Description.

-John