      
 Upcoming California Foreclosures Auction Offering Great BargainsPublished: Wednesday, July 22, 2009 Foreclosures are selling for all time lows so buyers are asking if a foreclosed home auction can really save them that much money. The answer is an astounding YES! These are just a few of the upcoming real estate auction bargains happening in August. Although it is probably too late to get in on any of these terrific bargains, these are just a few samples of the deals that can be found each month by buying Southern California foreclosures at auction. Orange County ForeclosuresInterested in beach living? How about a 1,371 square foot San Clemente condo with a starting bid of just $5,000? Originally valued at $270,000, this auction is sure to bring the bargain hunters. Inland Orange County is offering deals as well with a $29,000 starting bid on a 3,000 square foot Anaheim foreclosed home originally valued at $750,000 and a $17,000 starting bid on a 2,400 square foot Orange bank home that has been previously valued at over $500,000. San Diego Bank HomesIt has been said that San Diego offers the world's best climate year round but that comes as no surprise to prospective homebuyers looking at San Diego County foreclosures. An August 8th home auction offers executive living at its best with a 3,003 square foot El Cajon estate previously valued at $1.1 million. The starting bid on this El Cajon bank home beauty is just $239,000, or 75% off the property's original valuation. North County dwellers can appreciate this 2,016 square foot Oceanside foreclosure, valued at $255,500 and offered with a starting bid of just $49,000. If downtown San Diego is your scene, check out the 1,154 square foot San Diego condo, originally valued at $452,000 and also offered with a starting bid of $49,000. These are just a few of the terrific bargains that can be found by shopping for foreclosed homes at auction. Occurring across the six Southern California counties every few months by various auction houses, buyers have enough time to find properties they are interested in, have them inspected, and line of their financing for the day of the auction. Don't let stories that auctions are difficult or financing hard to come by stop you from finding the perfect dream home at a foreclosed home auction. 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. |
