      
 More California Foreclosures Being Sold at Auction at Trustees SalesPublished: Thursday, August 20, 2009 More investors and cash buyers are finding foreclosures bargains on the courthouse steps at Trustees Sales and foreclosed home auctions. The news lately has been filled with stories about record numbers of foreclosures, yet few if any new listings are being attributed to California bank homes hitting the market. So where are all the best Southern California foreclosures going? To buyers who show up at the Trustees home auction at the courthouse and buy the properties outright at the foreclosures sale. Where to find Trustees Sales and Foreclosed Home AuctionsThe best source of information on when Trustees Sales and Courthouse auctions will be is the local newspaper. You may be accustomed to getting your breaking news online, or from your favorite network, but the laws regarding home auctions and the foreclosures process requires that both the Notices of Default and the Notices of Trustees Sales be published in a newspaper of general circulation in the County where the foreclosed home is located. With over 8,000 Riverside County foreclosures, 4,200 Orange County foreclosures and 7,100 San Diego County foreclosures currently held by the banks, it is fast and easy to find scheduled Trustees Sales and Courthouse foreclosures auctions in the legal advertising section of the newspaper. The Notices contain a considerable amount of text, so the print is small and the information lengthy, but all the facts about where the home is located, when the auction will be held, and what, if any, the minimum bid for the auction will be, are found in your daily newspapers. Watch Your Local Newspaper for Specific Foreclosed Home Real Estate AuctionsLocating a particular house among the scheduled Trustees Sales can be a hit or miss proposition. Buyers able to pay cash for their properties are better off scanning the newspapers for particular neighborhoods, rather than specific properties. Be familiar with the communities you are considering for your next foreclosures purchase and read the appropriate newspaper for the area you like. For example, Anaheim foreclosures are listed in the Orange County register. Beautiful Murrieta foreclosures are found in the Press Enterprise. Stunning coastal San Diego foreclosures are advertised in the Union Tribune or the North County Times. Read the legal sections daily and when you find a house in your desired neighborhood, drive by the home and see if it is something you would want to bid on. You cannot inspect properties listed for Trustees Sales, so be prepared for considerable rehab work if you are buying the property sight unseen. Even still, foreclosed home auctions can net investors and cash buyers alike significant savings on great California bank homes. Other Recent ArticlesHome Buyer Tax Credit Extended Until April, 2010Category: Recent Articles 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. 57,000 Foreclosures Remain in California – Lenders Scheduling More Home AuctionsCategory: Recent Articles Published: Thursday, December 03, 2009 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. Southern California Foreclosures Still the Bulk of Home SalesCategory: Recent Articles Published: Friday, November 27, 2009 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.  August 2009
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