Purchasing foreclosed properties at the county trustee sale.

Here in Northern California, in the counties of Alameda and Contra Costa, if you go to the county courthouse steps any weekday from 9-3 PM you'll see foreclosed properties being auctioned off around the clock. At each county location ..... there can be as many as 4 auctioneers .... all selling houses at the same time.

Investors are making lots of money doing this .... they either buy the properties at discounted prices, fix them up and "flip" them for a profit ..... or they buy them with the intent of renting them out at a CAP rate of 8-10% (or higher) as a hedge against inflation.

Buying properties at the trustee sale is not for the faint of heart .... as you need to have "all cash" to complete a purchase. Plus, you need to complete a ton of due diligence ahead of time .... to make sure that the property is free of liens and to make sure of the top dollar that you can pay for the property in order to meet your investment goals.

The Tom Lyons real estate team offers full foreclosure services for clients who'd like to purchase real estate at the Alameda, and Contra Costa counties foreclosure trustee sales.

We offer:

Full Foreclosure Services

Foreclosure acquisition services

Foreclosure due diligence services

Investment counseling

Real estate "flipping" consultations

LLC's and limited partnership.

Because of the complex nature of foreclosure acquisition through the trustee sale process, the information presented here is limited.

Please email me at realestate@tomlyons.com to schedule a meeting / consultation to discuss your unique requirements.

For your convenience here are a couple of links that will help you in your search for foreclosures in our Tri Valley Area.

Foreclosure.com http://www.foreclosure.com/search.html?q=94566

Foreclosure Radar http://www.foreclosureradar.com/