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Trustee Sale Opening Bids and Researching Properties

Posted by Justin on December 07, 2009 at 11:47 AM

Hi Everyone,

I will be taking Wards foreclosure training next week.

I've been doing quite a bit of research in regards to trustee sales and have a few "basic" questions...

1) Is there a way to know the opening bid at the trustee sales so you can know which properties to research? I know Foreclosure Radar has some of the opening bids listed, but there are very few. Or do you just research all of them and see what the opening bid is when you show up?

2) Since most of the sales get postponed prior to the auction when is the best time to research them so that you have time to do your research, but don't waste a lot of time either? A couple days before the sale date? Then double check to make sure the sale is still on the day of the sale?

If anyone could make a list of the order of which and when they do things in regards to trustee sales that would be very helpful.

Thanks!


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