Wednesday, May 13, 2009

Trustee Sales at San Mateo County and Santa Clara County

Buying at foreclosure auction can be rewarding if you have two things, cash and time. Before you are allowed to bid at trustee sale, you have to show the auctioneer that you have sufficient cash, usually in the form of cashier checks or money orders. Second, it is very time consuming, especially if you have demanding full time job. Let’s say, you have done your rigorous due diligence on the property you plan to buy and finally manage to take time off from your work, but at the auction, you find out the property you are interested, is being postponed or cancelled. For example this past week, hundreds of properties scheduled for auction in San Mateo County and Santa Clara County were postponed or cancelled.

Sold properties are listed below:

AddressCityZIP CodeStarting BidSold for
1135 SAGE STREETEAST PALO ALTO94303$225,250$225,250.01
750 6TH AVEREDWOOD CITY94063$216,750$233,000
232 GARDENIA WAYEAST PALO ALTO94303$178,500$183,000
1616 HEMLOCK AVESAN MATEO94401$401,272$401,272.01
1319 MONTE DIABLO AVENUESAN MATEO94401$348,500$370,100
2020 SPYGLASS DRIVESAN BRUNO94066$539,750$539,750.01
547 GROTH PLSAN JOSE95111$112,500$127,400
929 E. EL CAMINO REAL C211SUNNYVALE94087$236,800$236,800.01
488 AMARGOSA COURTSAN JOSE95111$111,234.6$111,234.61
1345 HALF ROADMORGAN HILL95037$312,035.43$312,035.44
2061 EAST SAN ANTONIO STREETSAN JOSE95116$127,000$132,300
5179 ALUM ROCK AVENUESAN JOSE95127$196,421.98$250,300
564 COYOTE ROADSAN JOSE95111$157,026.32$180,000
953 DEER MEADOW COURTSAN JOSE95122$175,000$175,000.01
14411 HIGHGROVE COURTSAN JOSE95127$157,026.32$175,000
3017 LUCAS COURTSAN JOSE95148$525,300$561,500
2470 ALFRED WAYSAN JOSE95122$195,500$195,600
941 DRY CREEK ROADSAN JOSE95124$578,000$701,000

Even if you have cash and time, be sure you are mentally ready. Why? Please read this article.

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