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Updated about 15 years ago on . Most recent reply

Account Closed
3
Votes |
56
Posts

Court house steps

Account Closed
Posted

I have been re investing for 6 years and have never done the court house steps, thinking I should for flip deals, live in Contra Costa County in Calfornia. Any help would be great !!!

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27
Posts
16
Votes
Darren Morrow
  • Accountant
  • Orange, CA
16
Votes |
27
Posts
Darren Morrow
  • Accountant
  • Orange, CA
Replied
Originally posted by Kristian Peter:
We've been investing at Trustee Sales for the past 8 years. If you have any questions, we would be glad to help.

Kristian


I have a couple questions for you Kristian, I have been to the court house steps and watched a couple of them happen but I have some key questions about the processess.

First when the company aucitoning the houses comes up they ask for people to qualify. What do they do to qualify and what do they need to show? is it an amount of money, i've also heard they need power of attorney, is that true?

Second, When the bidding is over they sign some papers and I couldn't for the life of me get anyone to tell me what they were.

Third, How do you discover what properties will be auctioned that day by each company? I have heard a couple different things on this one.

Fourth, after the property has been bought what is the time frame to transfer of title and payment.

I have a lot more questions but I think those are the big ones. Any help by anyone on this subject would be greatly appreciated.

Thanks

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