Alternative Bidding Services & Do-It-Yourself Strategies Can Be Costly.
Do you have the time to go down to the county recorder and individually search the hundreds of properties that go to auction every day?
Then, take the list that you’ve put together and study each individual property to see if there areones that have opening bids that might be good deals?
Next, do you have the time to drive all over town investigating each potential property to make sure it hasn’t burnt down, is in the process of falling down, or is being stripped?
After you've gotten this far in your investigation, do you have more hours to spend researching property values in order to determine your maximum bid amount?
Once you have your maximum bid number in mind, you need to spend more time making sure that the deed on which you are going to bid is a first mortgage - not a second mortgage or line of credit that will be wiped out.
Next, you'll need to drive to the courthouse to bid.
Hopefully, the property on which you are bidding has not been postponed or cancelled -- again! It is not uncommon for scheduled auctions to routinely be postponed several times until finally being called at auction, or being cancelled outright at the last minute.
After hours - and even days - of effort on your part, the property on which you are interested in bidding finally makes it to the auction floor.
Do you have your bidding deposit check? Is the check made out to the correct trustee? Did you register to bid with the correct auctioneer? Did you hear the auctioneer's call for your property amid the chaos of the fast-paced and simultaneous auctions being called? Is the auction still scheduled, or did it get postponed?
Is someone else bidding on the same property, and if they are, are they bidding against you just to drive the price up so that the property sells for more than it should have?
Congratulations, you are the winning bidder!
Now that you have won the auction, you need to give the auctioneer your $10,000 bidding deposit certified check and then rush to your bank to withdraw the remainder of the funds, which are due by 5:00pm the next business day, to pay for your winning bid.
After the excitement of winning the auction wears off, you realize that the property you just purchased and for which you paid, has thousands of dollars of past-due property taxes owed, is occupied by a squatter, and there's an unreleased first mortgage that is senior to the one you just purchased -- oops!
Does all of the above sound like a lot of work? Does it sound risky? Do you need help?
We Make Trustee Sales Easy.
Simply register for an account, and use our search engine to find values and information about foreclosure properties in just seconds.
After you find some potential winning properties, simply order a low cost drive-by and title report checklist for each property to make sure they make your short list of potential properties on which to bid.
Finally, finish up your investigation, and then use our point-and-click valuation system to quickly study the value of nearby properties to determine your maximum bid.
Don't worry about baking in the hot Arizona sun on the courthouse steps. In fact, don't even get out of your pajamas. You can participate live at the auctions from your computer, using our “real time” Bidcast auction service. Set your maximum bid in advance, or watch the auction live and decide when you want to bid, and instantly transmit your bid to the auction floor.
The auction was postponed? Don't worry - AZ Bidder automatically tracks the status of auctions you have on your watch list and will email you whenever a sale date, time, status or opening bid amount changes.
Once you win your auction, we will provide the trustee your vesting information and provide them with the $10,000 bidding deposit on your behalf.
AZ Bidder makes trustee sales easy!