(would love to get into East Boston, Chelsea, but fear it impossible with cash buyers and bidding wars!)

Ok lots of miss information on this post as this is a CA foreclosure  not a Judicial sale like FLA or other states.1. if the first goes to sale with that equity position any money bid past the opening bid by the first will go to the second automatically.. there is no law suit in CA trustee sales its power of sale.2. the second once the foreclosure occurs both liens are removed.... from the property the second though does have the right to then sue on the note for a deficiency.. ( however Extremely rare on the west coast but it does happen).. but that just goes to the borrower not the property.3. if its a purchase money first thats being foreclosed no deficiency judgement is allowed.. its not like Texas were you can foreclose and get a judgement.  

Increase bids, or broaden targeting. 

Hi Everyone,I am in the process of doing due diligence on a sheriff sale property that i am interested to bid.

In Denver there would have been 10 others bidding on it until the profit was down to  10-15K, just to keep their crews busy.  

Did you make your list or rapairs or did you have to submit professional bids?

No real value, one of the other offers will close, highest bid probably wins I suspect.Distressed sellers, on the other hand...Or sellers who hate realtors and banks. 

If you do win the bidding war, and you found out it's not a good deal, you can usually cancel it during the review.

So I ask him " was i the lowest bid ?          

At my company, we have property managers bid on homes with their lowest commission rates.