Not currently planning to participate in any auctions, we’ve been trying to buy a home in PL/OB. My interest is primarily knowing what stage short sales are in.
Specifically, we are involved in one short sale where the seller agent informed us that a trustee sale had been set, and gave us the date. However, I could never locate the Notice of Trustee sale, and still can’t on any of the sites we discussed.
If I were to participate, even though I have a large amount saved, I don’t have the 6-800k it would take to participate in auctions for houses I would like in our area. For example 33219 Trumbull was a solid deal at auction for $720k.
Is there some vehicle which would let you borrow unsecured as cash for auction with intent of securing against the house? Sounds pretty crazy to me…
