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KSBW News Reveals How You Can Buy at Foreclosure Home Auctions for a Fraction of the Original Sales Price

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Published: Thursday, April 24, 2008

Southern California, yet again is making headlines for the rising number of foreclosed homes that are contributing the continuing decline of home values throughout California. Southern California home auction sales have exceeded the conventional home sales. Home Auction Corporations, such Real Estate Disposition Corporation, are auctioning homes at the county court house steps on a daily basis. KSBW News takes you into the foreclosure auction experience to reveal how some home buyers have found unbelievable deals on homes; such as one Salinas home, originally purchased for $725,000, sold at an astounding $200,000 at a Salinas home auction. Watch the home auction video to get expert tips on how to purchase foreclosure homes at the court house steps and see if you can buy during this incredible time of real estate foreclosure profitability.

Don't miss out on more upcoming Temecula home auctions like the South West Riverside home auction recently held at the Pechanga Resort & Casino. To pick up great buys on Temecula REO homes with a huge selection of foreclosed homes in Winchester, Menifee, Murrieta and Sun City.

Other Recent Articles

Home Buyer Tax Credit Extended Until April, 2010

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Published: Thursday, December 10, 2009

The federal tax credit has been extended to April, 2010, including an expanded benefit to existing home owners who sell their homes and then repurchase a new primary residence valued at $800,000 or less. This could be the perfect opportunity for buyers who wanted to cash in on home auction bargains but were fearful of lower resales on their existing homes.

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The Southern California foreclosures market may be shifting, with fewer homes entering foreclosure than in previous quarters. However there are still 57,000 existing foreclosures statewide that need to be sold, and lenders are looking at foreclosed home auctions as a major tool to sell large numbers of foreclosures in a short amount of time.

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Southern California foreclosures still account for the bulk of area homes sales and lenders are finding real estate auctions the fastest and most efficient method of clearing their books of REO properties. Buying a home at auction requires a little prep work, however and the experts at homeauctionexpo.com share their insight on how to find the best auction properties.

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About this Page: KSBW News reports on how home buyers are able to purchase foreclosed homes at fraction of original sales price at court house REO home auctions in southern California.