John Ray BidAZForeclosures Interview - Part 1

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Uploaded by on Feb 19, 2010

http://www.AccessWealthStrategies.com
David Overfield interviews John Ray, owner of http://www.BidAZForeclosures.com about buying properties at the Maricopa County (Phoenix area) foreclosure auction / trustee sale.

Topics covered in Part 1 of this interview:
- are there good deals at auction?
- # properties bid and bought?

Overview of foreclosure auction process
- how do properties end up at foreclosure auction?
- why do some foreclosures get postponed?
- how does the bank establish the opening bid?
- "total debt" bid
- "specified bid"
- what happens at the trustee sale?
- what happens after you win a bid?
- how do you get title to the property?
- how do you take posession of the property?

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