Comments on: Buying Properties At An Auction – Waste Of Time or Hidden Gems? http://www.thetimwoodgroup.com/2009/12/05/buying-properties-at-an-auction-waste-of-time-or-hidden-gems/ Professional, knowledgeable real estate group serving the Big Bear, CA area. Tue, 22 Nov 2011 10:09:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Buy Phoenix Properties at Auction http://www.thetimwoodgroup.com/2009/12/05/buying-properties-at-an-auction-waste-of-time-or-hidden-gems/#comment-980 Buy Phoenix Properties at Auction Sat, 09 Jan 2010 18:05:24 +0000 http://www.thetimwoodgroup.com/?p=3729#comment-980 Certain markets are seeing large numbers of investors hitting trustee sale auctions for late november through the new year. In reality, the only real place to gamble is the trustee sales. Bank owned properties are the homes and other real estate that didn't get picked up by a cash investor. Tells you something right? Always be weary of private party auctions... rarely are ever actually that. If there are lending operations present, run! Certain markets are seeing large numbers of investors hitting trustee sale auctions for late november through the new year. In reality, the only real place to gamble is the trustee sales. Bank owned properties are the homes and other real estate that didn’t get picked up by a cash investor. Tells you something right?

Always be weary of private party auctions… rarely are ever actually that. If there are lending operations present, run!

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