Trustee Sales Auction Service
Buying Properties at Foreclosure Auctions Through Anchor Homes
Would you like to purchase property at foreclosure auction but don’t know where to start? Anchor Homes can help by doing the bidding for you. Anchor tracks 1,500 Los Angeles County foreclosure properties every day.
We provide an established bidding format and can also provide on-the-spot financing for your purchases through our parent company Anchor Loans, Inc. Come in with 30-50% down and we’ll cover the rest. Cash buyers are welcome too!
We also eliminate many of the concerns of buying at trustee sales auctions, including:
- Pulling title and worrying about senior deeds of trusts, buying a partial interest, or back taxes
- Visiting and evaluating the properties for sale
- Having large sums of cash ready at the auction
- Spending all day at the auction only to learn that your property is postponed
We offer our investors:
- Bidders at all major auction sites in Los Angeles County every day
- Pre-screened lists of daily bids with inspection reports
- Expertise in purchasing at trustee sales
- A drive-by of the bid properties and a valuation analysis
- “Best buy” targets and established bid basis’
- Guaranteed chain of title through Fidelity Title Commitment
- Orchestration of the transfer of title
- Fixed markup of $10,000 on a purchase of up to $500,000
- Financing with 30-50% down from 12% and 3.0 points, 1 year interest-only with no pre-payment penalty
We are a top buyer in L.A. County because of our efficient bid analysis. We are tuned into the pulse of the market, and can adapt quickly to serve investors better.
Investors should maintain the cash necessary to purchase multiple properties on a monthly basis, the ability to make rational and quick decisions, and have a clear exit strategy in place.
The Buyer process:
- Buyer selects preferred cities and price range
- Anchor bid authorization is signed and bid funds are deposited with an independent Escrow company
- Upon purchase, buyer is solely vested on title via trustee’s deeds
- Performa yield objective is 25-40% annualized rate of return for the buyer
Become an investor in foreclosure auctioned property – let Anchor show you how!
For further information on trustee sales, please contact Robert Wasmund at 310-466-0442 or complete our Contact Us form.