We attend the Arizona State Trustee Sales/Auctions on a Daily Basis!

For a FREE DAILY LIST of properties going to Foreclosure/Trustee Sale contact us via email or toll free at 1-800-561-1277.  If a team member is not availabe please leave a detailed message and a representitive will contact you within 1 hour, guaranteed!  If you have any questions regarding this process please contact us!

We provide the following services;

• Daily Email list of Trustee/Foreclosure Properties
• Secure your bid on property at Trustee/Foreclosure Sale
• Hard Money Loans Available
• Construction Crew
• Project Management
• Real estate Services

 Obtaining a property from a Trustee Sale
Investors often choose to purchase a property at the Trustee/Foreclosure Sale to  secure a property at a very low cost, rehabilitate the property and sell the property for a profit, generally known as a “Fix and Flip”.  Although selling the property for a profit can be beneficial most investors have several “Backout Plans” which may include renting the property out to build wealth or rent the property until a higher sales price can be achieved. 

There are several advantages to purchasing a property at a Trustee/Foreclosure Sale, however, there are also associated risks and cost as well.  Please read below for more information.

Advantages associated with purchasing a property at a Foreclosure/Trustee Sale

• Purchase property at very low costs
• Rehabilitate property
• Realize profit

Disadvantages of purchasing a property at Foreclosure/Trustee Sale

• Must have $10,000 cashiers Check to bid on property (State Law)
• If you are the successful bidder you must have ability to fund on the loan within 24 hours
• Perform your own Due Diligence; you must ensure the property is in good standing.
• Inability to perform and inspection and appraisal. 

Trustee sales can be a beneficial investment for the savvy investor. If you are interested in this type of investment we can help facilitate your interest. However, we do ask that you read the below excepts or contact one of our team members for a FREE consultation prior to pursuing this type of opportunity.

What is a Trustee Sale: In mosts States, including Arizona a Trustee Sale may be defined as the process in which a lender has the right to start a judicial foreclosure or a Trustee sale of a property that is at least 90 days in arrears or simply said, the current loan or loans are in default for a period of 90 days due to a lack of payment. Lenders primarily choose to perform a Trustee sale as it is the cheapest and quickest way to protect their assets, that being your home.

How are Trustee Sales conducted: Trustee sales are a complicated process. The summary provided here is for informational purposes only. According to Arizona State law the trustee’s sale auction cannot be completed until at least 90 days after the date that the Notice of Sale was recorded.
On the date and at the time and place designated in the notice of sale, the trustee shall offer to sell the trust property at public auction for cash to the highest bidder. The trustee may schedule more than one sale for the same date, time and place. The attorney or agent for the trustee may conduct the sale and act at such sale as the auctioneer for the trustee. Any person, including the trustee or beneficiary, may bid at the sale. Only the beneficiary may make a credit bid in lieu of cash at sale. The trustee shall require every bidder except the beneficiary to provide a ten thousand dollar deposit in any form that is satisfactory to the trustee as a condition of entering a bid. The trustee or auctioneer may control the means and manner of the auction. Every bid shall be deemed an irrevocable offer until the sale is completed, except that a subsequent bid by the same bidder for a higher amount shall cancel that bidder’s lower bid. To determine the highest price bid, the trustor or beneficiary present at the sale may recommend the manner in which the known lots, parcels or divisions of the trust property described in the notice of sale be sold. The trustee shall conditionally sell the trust property under each recommendation, and, in addition, shall conditionally sell the trust property as a whole. The trustee shall determine which conditional sale or sales result in the highest total price bid for all of the trust property. The trustee shall return deposits to all but the bidder or bidders whose bid or bids result in the highest bid price. The sale shall be completed on payment by the purchaser of the price bid in a form satisfactory to the trustee. The subsequent execution, delivery and recordation of the trustee’s deed as prescribed by section 33-811 are ministerial acts. If the trustee’s deed is recorded in the county in which the trust property is located within fifteen business days after the date of the sale, the trustee’s sale is deemed perfected at the appointed date and time of the trustee’s sale. If the highest price bid at a completed sale is less than the amount of that bidder’s deposit, the amount of the deposit in excess of the bid price shall be refunded by the trustee at the time of delivery of the trustee’s deed.

Popularity: 97% [?]