How do I find out where foreclosure auctions are held in California?
Question:
Answer:
Talk to your title company, and have them generate a list of NODs and NOTs ..
NODs are Notices of Default .. when someone doesn't pay their mortgage, the lender generates these to let them know they are going to foreclose soon.
NOTs are Notices of Trustee Sale .. those are for when the person doesn't take action and the lender needs to sell the house on the court house steps. This list will have auction dates and times. Get one of these and check out the auctions.
DON'T bid unless you have money. They may kick you out and ban you for life.
Good luck!
realestate.yahoo.com Otherwise you'll end up paying for info. Contact a local realtor. There will be minimal fees since the realtor is representing as a buyor.
Go to the county office of the area you're interested in. They'll have the calendar for the auction along with list of properties. Have a price in mind before you go because you'll be bidding against others. Also, the forclosure properties can be a lot of work because the former owners don't care or get vicious with the place as they lose their place. Good luck!
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