One of the best ways to purchase Arizona real estate, below current market value, is to buy property that is being sold at a “Trustee Sale” auction.  When a home is sold at this type of public auction, the sale is final and there is no right of redemption for the former owner.  Arizona law thereby provides certainty, safety and speed to an investor who purchases property at a Trustee Sale.  Every business day in the Phoenix area, Investors are taking advantage of the current economic cycle by purchasing real estate below market value.  You too can participate in this opportunity by using our Investor Services.

The following explains the process we use to acquire property at the Trustee Sale on your behalf, and the services available to help you execute a fix and flip or buy and hold strategy.  

Qualification

Participation in Trustee Sale Investing requires that you are qualified. This is not for everyone. Trustee Sale Investors must deposit $10,000 into a fiduciary account to participate in the program.  This is a refundable deposit required for you to participate in the auction of one property.  The $10,000 is held by our Bidder at the auction, and is delivered to the Trustee if your Bid is the winning Bid. The Investor must also have the full cash purchase amount available to wire to the Trustee in less than 24 hours of Bid acceptance to complete the acquisition.  Special financing may also be used as an alternative to using all personal cash.  We work with private money lenders that provide this type of financing.

There are substantial gains to be made buying a property through a Trustee Sale auction, but it is very different than any other type of property acquisition that you may have experienced in the past. Some have tried this on their own but have lost significantly because they did not understand the risks and how to mitigate them.

Research

A variety of research tools are available to assist you in determining the best foreclosure investment opportunity for you.  Based on your personal investment style, criteria and resources we will first help you plan the investment strategy to be executed.

Then you will be provided a list of properties to be sold.  These properties will have been prescreened through our proprietary system to best determine those which most likely have potential for the greatest return on investment. Our services include drive-by reports with photographs, an estimate of repair costs, and guidance in the selection and bid process. In addition we have partnered with a local national Title Company to provide a preliminary title examination to reduce the risks associated with the fact that title insurance is unavailable at the time of the bid. The initial title examination will determine the position of the Note being foreclosed.

Bidding

You will place your bid funds into our Fiduciary Account in the amount of $10,000 to bid on a property. Trustees require a $10,000 cashier checked to be handed to them at the time a bid is won.  You may use the same $10,000 deposit to bid on multiple properties until you win one.  When your bid is the winner, the balance of the purchase price must be delivered to the Trustee within 24 hours.

After you have determined the properties you wish to bid on, and after our cooperating Title Company has completed their preliminary title examination, you will make the final determination whether to bid on one or more of the properties being considered. Once you decide you want to bid, bidding will be done for you on your behalf, and your $10,000 cashier’s check will be presented to the auctioneer for a successful bid. We immediately notify you of the successful bid so that the balance of your funds may be wired for delivery to the Trustee, which completes the purchase. After the successful bid and before the balance of the purchase price is delivered, we order a full Title Examiner Search to give further assurances as to the quality and marketability of title to further protect your investment.

After the Sale

While the Trustee’s Deed is being prepared for you, we assist in securing your property through the re-key and "trash out" process.  

You will also be provided with the services of professional licensed contractors to aid you with any necessary rehab and preparing the property for resale to a retail buyer.  We can manage the rehab process for you.  Your home will be listed for sale, and put back on the market the day the rehab is completed.  A home can also be immediately advertised to other cash investors for a “quick flip” with a small profit.  Typically this type of re-sale will occur within days of your acquisition.  If a quick flip does not occur, the plan to complete the rehab continues, and the home is marketed to the retail buyer community to obtain the highest possible return on investment.

If your investment objective is to buy and hold, you will be provided property management services.

When the Trustee’s Deed is received you will obtain title insurance and have the deed recorded at the Maricopa County Recorder’s office by our cooperating Title Company. The deed will be recorded and vested in your name or your company’s name per your instructions which completes the sale.

Please use this form to request more information, or just give us a call.