Found A Property - Now What?
Ok, I'm getting ready to go an auction this Wednesday (first time). I've done the following, and hope you folks can tell me in I need to get ready in any other way(s).
1. Found that the property is going to auction
2. called the trustee to double check availability (and will do so again before Wednesday)
3. found ciity websites that tell me:
permits issued
zoning
tax liens
4. Called the assessor's office to find out what tax assessment is and when assessment was done (1978 was last assessment??)
5. Called a friend who is a title company rep who is doing a title search for me for free
6. Trasferring my $$ to my local account
7. Will go get cashier's checks the day before the sale
Am I neglecting something? I'm scared, so all suggestions welcomed!
Gratefully,
Marlene 
I am in the same type of situation, except in Colorado. This auction has already been postponed twice and is becoming an emotional rollercoaster. I have done the same types of things you have, along with finding as much info about the property as possible. We know what outbuildings there are, the number and location of rooms, available utility providers, type of heat and cooling, age of furnace, outside condition, neighborhood, etc. There is a substantial 2nd mortgage besides the 1st foreclosure so they may have a rep there to protect their interests. We have arranged for financing well above the Trustee Notice price in the paper in case the 2nd shows up, because we want the property for our own home.
Keep us posted on the outcome and good luck!!
Marlene M.
Your are on the right track.
Good Luck!
Mrs. Meltzer
Thanks for your validation!
I received this post in a private message, and wonder what the rest of you think about this:
The writer said:
[quote]
Are you able to do a walk thru of the house before the auction so you know the house is sound.??
~~~
I have drive by three times, and the buliding is in remarkable shape for San Diego (usually termite infected, with oots of wood rot and bludging or cracked walls). This place has a new stucco job (last 10 years) and a new roof (again, last ten years. Taxes have been paid this year.
It is a multifamily and it is filled with tenants. I am not sure who to ask for a walk through, aside from going to the property and introducing myself to the ternants as a prospective buyer - but that could get back to the owner and get me in trouble - no??
Also, I don''t know if knocking on people's doors and asking to see their apartments is such a cool thing to do. This is a very roght neighborhood, and I'm a 5'2' middle aged woman - caucasian....
Does anyone have any other ideas about how to get a peek inside? Should I call the owner, I have his name and probably could find his phone number.
Thanks,
Marlene
For the forum member that has arranged financing prior to the sale.....how did you do that. I don't know of any title company that will insure a tax deed. Yes they can do a title search, but in my experience, a lender will not finance without clear and absolute title which in a tax deed sale, usually requires a quiet title. This could take months. Please let me in on your secret!!