Since Monticello67 is a new user it might be useful for him to know that SD Realtor and his partners purchased several homes at trustee sale. He knows what he’s talking about.
Trustee sales offer an opportunity to purchase properties at discount rates for all cash. That said – you need to proceed with caution. I’ve heard stories of naive buyers purchasing at a foreclosure of the 2nd trust deed… and still having to make the first trust deed whole. It requires a lot of due diligence. I followed the trustee auctions for several zip codes for almost 2 years… But never pulled the trigger.
