If you’re looking for a bargain, one can be found in the foreclosure market. However, it takes plenty of patience and solid market knowledge. Oh, did I mention that you also need cash and lots of it – no loans or I.O.U.’s accepted.
Yesterday I went down to 190 N. Market Street in San Jose to check on a property that was scheduled to be sold at a trustee’s sale. I came home with this video that shows how the process works. The video is longer than I hoped for and won’t challenge Avatar for best picture, but I think it accurately details the trustee sale process.
Note: the house that I was checking out was postponed to another day. It was one of many properties where the trustee sale was either cancelled or postponed until another date.