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Trustee Sales and the Foreclosure Process
How the foreclosure process works leading to the Trustee Sale in Las Vegas, NV.
By: Matt Jenkins - Rainmaker Investors
For Clark County properties, the Trustee Sale takes place on the Las Vegas courthouse steps downtown. The county will list what properties are expected to come up for sale and what the starting bid will be. The potential buyer is responsible for performing all due diligence on a property before the Sale. If there are no third party bidders for the property at the Trustee Sale, or if the minimum reserve amount is not met, the property will usually revert back to the bank and become an REO. This REO will then be marked up and placed for sale through a real estate broker contracted by the bank.
Trustee Sales are the best opportunity for investors to purchase properties for prices well below market value, without the hassle of dealing with short sales or other "creative" purchase methods. I specialize in helping my investor clients purchase properties through the Trustee Sale. I have developed a turn-key method for analyzing potential deals and obtaining properties. If you are interested in investing in Trustee Sales and would like more information, please contact me.
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We provide services to investors that make purchasing properties through Trustee Sales easy and profitable. We are located in Las Vegas, NV