~~AZ Foreclosure Bid Service LLC~~
If you would like to explore buying Arizona foreclosures you can call us today at 480-226-9320
Our company is completely dedicated to outstanding customer service as well as the growth and preservation of our clients deployed capital. We are your one-stop foreclosure acquisition experts, leverage off our experience and proven track record and start having success today.
AZFBS can function simply as a bid service only to assist in the purchase of merely a single property or hundreds of properties. Many of our clients are “Fix n Flip” specialists and some are growing and building large rental property portfolios.
With your direction, AZ Foreclosure Bid Service, LLC can assist in deploying your capital and assist in building your dream!
The professionals with AZ Foreclosure Bid Service, LLC have been involved in all varieties of real estate ventures from design-build of commercial buildings & office space, land development & entitlements, residential custom design build of multiple-family and single-family homes in both Arizona & California, residential fix & flip properties, acquisition of residential properties for the creation of many rental portfolio’s, and rehab management of well over 800 single family homes over the past 30 years.
Due to the economic downturn in our country, many people have been foreclosed on–The partners of AZFBS have been acquiring properties through foreclosure auctions in Maricopa County, Arizona for the past 3 years. We have combined to close over 700 successful acquisitions with a capital deployment of well over $30,000,000.
We have the experienced track record and the team or professionals to assist you in successfully acquiring distressed properties (trustee sale foreclosures) in Maricopa County. Our experience is second to none!
Winning bid below $100,000= $1500 flat fee
Winning bid $100,000-$500,000= $2500 flat fee
Winning bid above $500, 000= call for rate 623-329-7000
Driver Field Reports: $30 per property
Our Bidding Service includes:
1) Daily List of properties going to auction, which you as the consumer, can easily sort through and ascertain which properties meet your buying criteria and business model.
2) Daily Drop-Bids as they are provided by the Trustee’s
3) Once you have specific properties identified as potential acquisitions:
===AZFBS will have 2-separate Title Platforms check and re-check lien position for the Deed of Trust which is being sold at auction. This also checks for any City Liens , Les Pendens, Judgments, and Property Taxes which may be passed thru to the New Owner. No one can guarantee the DOT position—Due diligence is important when making decisions.
===At the direction of the Client–AZFBS will send a driver to preview and photograph the specific properties and generate Drive Reports which will assist in the valuation process to the client. Of course the “Drive Report” is just an estimate of a visual inspection. AZFBS makes no guarantee of the actual condition or cost of repairs to any property.
If the Property is Vacant:
A good part of the time we are able to have access into the property, or atleast have visual into the property, to preview specific conditions. Of course there are times when the property is very secure-doors are locked, windows are locked, and no interior visual inspection is available.
We have all heard of the property with no kitchen–no vanities–and even vandalism!
A good rule of thumb would be to look at the overall condition of the exterior, look for broken glass/windows, Attic access doors open and graffiti. These are all signs of potential vandalism! On the exterior of the property we look for damaged roofs, missing or vandalized AC units/pool equipment , broken windows, and if the property has a substantial amount of deferred maintenance.
If the property is Occupied:
Typically, we are not able to view the interiors or rear yard features. In this case we look at over all condition of the property and if there is any “pride of ownership.” Normally, “pride of ownership” extends inside the home as well!!
Also, some properties may be listed for sale on the MLS. This allows some additional information on the home as well as many times a complete gallery of pictures showing the interior of the foreclosed property. The MLS overall is a great research tool if the property was ever listed for sale and to derive competitive pricing.
4) Bidding at Auction
Our bidding team are all high level professionals. Most are licensed real estate agents which understand “Customer Service”. We are simply the BEST in the business! Your needs are what are important to us! Give us 1% of your trust and we will earn the other 99%
Our Bidding Professionals will represent you at the applicable trustee sale auctions and will compete to get the lowest price possible for your specific property. There will be times which more than one of our clients will want the same property. The only thing we can ask is that you provide your “highest and best dollar amount” to us. The client with the “highest and best dollar amount” will be the client we will be representing on that specific sale.
The bidding process requires a $10,000 “bid check”, (certified funds only) at the auction prior to sale.
Once a successful bid is won and accepted, the $10,000 bid check is given to the Trustee as a deposit on the sale. The balance of the sales price are due in full by the end of the next business day! If the funds are not provided, the$10,000 bid check is lost and you may be banned from bidding in the future. There also could be additional legal actions by the Trustee for any additional losses including the difference of any between the opening bid–increased bids–and the successful bid. The client could also be liable for any attorney fees. Obviously its very important to have everything in order before making the commitment to acquire foreclosed properties at the trustee sale auction.
Once the trustee has the bid check, they will provide a receipt of the purchase. This document will show proof of the sale! The trustee will also request the clients vesting information for the property. This is needed immediately and is vital to record proper title information at the Maricopa County Recorders office. This information needs to be provided by the client prior to the auction!
Upon payment of the balance on the same, or next day, the trustee will provide the final receipt indicating the property has been paid in full. Within1-3weeks the trustee will provide a Trustee’s Deed of Trust showing your ownership. At AZFBS we suggest you have the deed recorded on the property within 1 day of receiving the Deed.
If you have any questions please call or email us today at the contact information below
“EXPERIENCE THE BEST”
JAMES WEHNER JR.
Direct Phone—(480) 226-9320