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Plan Now For August Home Auctions

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Published: Thursday, May 21, 2009

Over 300 Southern California foreclosures will be sold at an online auction beginning in early August. Plan now to reap foreclosures bargains by examining the properties online, checking out the neighborhoods, scheduling your pre-auction inspection and making sure your financing is available and all the documents are in order. Spending a month or so planning for your real estate auction purchase will put you a step ahead of impulse buyers and give you the advantage come auction time.


This mega foreclosed home auction, conducted online by Real Estate Disposition Company, begins at 6:30 a.m. on August 3rd. You can view properties by visiting their auction website at www.Auction.com. From there you can search for properties by state, county, price range, square footage, even starting bid. Once you find the Southern California foreclosure property of your dreams, you can begin the important tasks of inspecting the property, checking out neighborhood schools and other amenities, and making sure you have your financing in order.


Foreclosures Available in all Six Southern California Counties


There are foreclosed homes available in all six of the Southern California counties, making this real estate auction on the biggest held to date. You can choose from coastal Orange County foreclosures that have starting bids as low as $75,000, or perhaps take advantage of the Inland Empire's great pricing and find Rancho Cucamonga bank homes starting as low as $30,000 or even gorgeous equestrian properties among the Temecula foreclosures that have starting bids in the $50,000! Imagine living among the gentle rolling hills and classic oak trees of the Temecula wine country at these affordable auction prices.


Visit the Foreclosed Home Neighborhoods


Prices will vary from property to property, and the best homes will certainly command higher prices. However that's where planning early can help you. One of the joys of buying foreclosed homes at real estate auctions is that you can find true diamonds in the rough, properties other people might pass by. Start now to check out the properties in you desired area. This gives you plenty of time to drive by the ones that catch your eye. You can get a feel for the neighborhood.


Stop by on a weekday afternoon, not just a Saturday morning. Find out where the kids will be going to school. Check out the school district's API index rating. Stop by the neighborhood parks or the city swimming pool. What are the community's best assets? These are all important factors in living in a neighborhood and sometimes you don't have time to fully discover them when bidding at auction.


By shopping online early and fully investigating the one's that pique your interest, you will be a better bidder come auction day and could end up owning one of the best Southern California foreclosures on the market, even before the competition knows it's out there!

Other Recent Articles

Home Buyer Tax Credit Extended Until April, 2010

Category: 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.

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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: Over 300 Southern California foreclosures will hit the online auction block in early August. Plan now to reap foreclosures deals later this summer.