Property Sale Types

We offer two types of Property Sales only;
1. Bid & Assume Foreclosures
2. Straight Sale Properties

You will be able to identify which type a property is being offered in the “Terms” section of the listing.


1. Bid & Assume
  • A few properties are being offered as Bid and Assume Sales. It will state this in the description.

    Example:

    TERMS
    What you pay is for the down payment of $199 and then assume the low balance of $8,900.00 @ $129.00/month plus a one time processing fee of $199.
    No Qualifying-No Credit Check-Financing Offered on this Parcel.

    We charge $6 per month collection fee - yearly taxes will be prorated over 12 months. The Collection fee and yearly taxes will show on your payment coupon along with your monthly payment.


    Example:

    TERMS
    What you pay is for the down payment of $299 and then assume the low balance of $19,891.00 @ $239.00/month plus a one time processing fee of $199.Your down payment will be deducted from your loan balance.
    No Qualifying-No Credit Check-Financing Offered on this Parcel.

    We charge $6 per month collection fee - yearly taxes will be prorated over 12 months. The Collection fee and yearly taxes will show on your payment coupon along with your monthly payment.


2. Straight Sale
  • A few properties are being offered as Straight Sales. It will state in the description.

    Example:
    This item is a Straight Sale
  • In a Straight Sale auction what you pay for is the price for this property plus the processing fee.


If you have any questions call us at (661) 823-1543 today!


Land Information

  • Property Sale Types
    A little confused about the difference
    between Bid & Assume and Straight
    Sale properties?
    Click here to learn more >>

  • Due Diligence
    You may have additional questions
    about the property you are interested
    in and can research your property by
    contacting official agencies directly.
    Click here access County links >>