Foreclosure Auctions

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Foreclosure Research
Before placing a bid, we request that our investors do as much investigation on the property as they can. Listed below are our recommendations of additional due diligence that will help to ensure you get the best possible deal.

Drive the property

Find out whether the home is occupied or not.
Look at the condition of the home from the outside, look in the backyard if you can.
If you have access to view the home from inside, do so.

Gentry Real Estate – Buy Low AZ Team confirms back taxes and will do a title search on properties that have bids placed to ensure that the deed of trust that is going to sale is in first position. We recommend that investors verify information before placing a bid. Below are the recommended steps:

Confirm Taxes in Arrears (Back taxes)

Visit the Maricopa county Treasurer’s Office

Treasurers Office
Type in the 8 digit tax parcel associated with the home
View tax information

Confirm Federal IRS Tax Liens
Maricopa Count Recorder Elections Department

Title Search
We do not offer full title report. If investors would like to order a full title report, please contact:
HStapley@fnf.com
Fidelity National Title
Phone : (480) 214-4567

Placing a Bid

After careful research on properties of interest, investors can then submit a bid. Gentry Real Estate – Buy Low AZ Team provides several means for placing a bid. Below are two of the methods for submitting bids.

Via Email
Maricopa County Bids – Spencer Caldwell

Via text
Send text to the following phone numbers below.
Maricopa County – Spencer Caldwell 480-283-4425
With both methods you will need to provide the following information

Property Address
Vesting name
Your Name
Best phone number
Maximum bid amount
Details and Notes
Include a note if hard money is required

Winning a Bid

Receipts If you are a successful bidder at the auction, a deposit of $10,000 is required. The auctioneer then provides the bidder with a receipt. Receipts typically do not include the property address and only include the trustee information associated with the sale. We will email you the receipt and breakdown of payment to Trustee. Full balance is due to Trustee by 1 pm in our office the following business day so we can drive to Trustee, and pay for property. If wiring the funds, the wire must be sent no later than 10 am and the office must be notified.Deeding At the time of placing a bid, vesting information will need to be provided. The vesting information is how you will take title on the deed. Examples of vesting:

John Smith, a single man
Company, LLC
John Smith and Jane Smith, joint tenants with right of survivorship

The trustee will issue deed one to two weeks after the sale. The procedure in our office is to receive the deeds and electronically record them online through Maricopa County. The recorded deeds are then mailed to the investors.If you have questions on your deed please contact Spencer Caldwell 480-283-4425

Payment and Process

Investor Process
The process after the property is acquired at auction is a very important part of investing. It is not just about “buying right” but about managing the property correctly once purchased. We take a very hands-on approach, each realtor meets with the rehab crew at the property and completes a walk thru to identify what needs to be done. The realtor communicates with the owner to assist in such details as picking out colors, tile and carpet selection, landscaping ideas, and other details of the rehab. Our crews are licensed and are highly regarded craftsmen who understand the need to work quickly and efficiently in order to maximize profit and get the property “inspection ready”.

Gentry Real Estate is our brokerage and is a full service brokerage. They have developed a proven track record with REO, Short Sale, and MLS listings. We take great pride in providing the services we do for our clients, and look forward to a long and prosperous relationship!

Gentry Real Estate
Gentry Real Estate is a full service Real Estate Brokerage. Our Realtors have the knowledge and background to provide services for any client, whether an individual buying their first home, or a seasoned investor.

Gentry Real Estate offers a full service brokerage for investor that is unique in the industry. We have a team that creates recommended buys daily, direct “comps” from the agents, drive and condition reports, a full service rehab crew, and the ability to relist the property for resale. Our rehabbers are flexible and can provide as little or as much assistance as an investor needs. Each investor is treated to a service package that is customized to your needs and goals.

Hard Money Loans

Gentry Real Estate – Buy Low AZ Team
Uses six Phoenix based hard money lenders. Lending criteria does vary from lender to lender. However, we do ask borrowers to plan for the following:

Up to 70-80% LTV (Winning bid amount)
10-20% Down of Purchase Price
Lending Fees up to $1000
12-18% per annum (APR)
Three to six month notes
Monthly interest payments
Some previous knowledge and experience with investment real estate

Hard Money
As stated under the Place a Bid section, include in the notes whether hard money is required. If your bid is successful, our office will contact the lenders and provide them with the following information:

Information regarding the property purchase
Property address
Purchase price
Trustee
Trustee sale number
Lot legal
Tax parcel

Buyer Information

Vesting
Buyer address
Buyer phone
Buyer email
Any LLC documents if vesting in a company name
EIN or Social Security number

Buy Low Pro Benefits

Become a pro member and receive

Daily Auction List
Drive Reports
Drop Bid Alerts
Place Bids
View Title
Auction Results
Inventory Alerts
Market Reports

Fill in the form below. Membership is free.

Drive Reports

Buy Low Pro Get access to our extensive database, and take a virtual tour of all our properties before you bid. Do this from the comfort of your home. Buy Low Pro members get total access to all our extensive drive reports, giving you the satisfaction of knowing what it is you are bidding on.Drive Reports

Instant Access
Detailed Pictures
Property Information
Virtual Tours

Drop Bid Alerts

What is a Drop Bid? A property that appears on the list to go to auction that was not previously seen, it’s an opportunity. Our full time staff works around the clock 24/7. When the list comes to you the night before the auction, there are more available properties than what is listed. There will be properties that appear throughout the night and during the auction. Buy Low AZ is where you will turn to see the latest Drop Bids.

Place Bids

Organize Your Troops Once you become a member, you have many avenues that you can utilize in order to bid on the property that you want. Our staff is waiting at auction floor in order to bid for you. Pro Members can take advantage of our website and bid from the members login, email, or text your representative directly. Our staff will represent your future investment ,guaranteeing you the best price possible.