Trustee Sales

Legal Q&A

2012-09-20T11:24:40-07:00September 20th, 2012|Investing, Legal Procedures, Strategy, Trustee Sales|

Question: I purchased a home at a trustee’s sale and the former owner has contacted me to buy the home from me.  Is this something I can do or is it illegal?  I know of other investors who haven’t been able to sell the home to the former owner. Answer: When you purchase a property [...]

The Importance of a Trustee’s Deed

2019-03-05T23:44:25-07:00August 26th, 2011|Legal Procedures, Trustee Sales|

When buying a property at trustee’s sale, it is important that the buyer timely obtain the trustee’s deed upon sale.  While it would seem to be common sense that you need the deed, it is especially important that the deed be obtained and recorded within fifteen (15) business days after the date of the sale.  [...]

Riding The “Coming Wave”

2019-03-05T23:44:25-07:00July 30th, 2011|Investing, Trustee Sales|

Our market is changing before our very eyes – we can see it and feel it happening. Inventory in the local MLS is down to lower levels than we’ve seen in over 5 years. The pending foreclosure “pipeline” is slowing from a gushing torrent to a steady roar. There are multiple offers on REO’s and [...]

Courthouse Steps Get Crowded

2011-06-14T14:04:31-07:00June 14th, 2011|Investing, Trustee Sales, Uncategorized|

Recently we discussed how dominant cash buyers have become in the Phoenix real estate market. It’s truly remarkable that for 72% of January 2011 purchase/sale transactions taking place in Maricopa County are for CASH, whereas the national average was only 32%.[1]       Nowhere is cash more important than on the Courthouse steps at the [...]