what is avg. foreclosure deposits in CA?

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Posted by Frank on June 30, 2003 at 02:18:38:

Moving to CA next month and want to bid at foreclosure auctions. Does anyone know generally what trustees require for deposit? 5%? Those CA property values are pretty high, 5% would be high barrier to entry for lots of newbie foreclosure investors. If it's $5k or so then anyone can jump in on the action.

Thanks,
Frank

Follow Ups:

• Re: what is avg. foreclosure deposits in CA? - Rande 10:12:37 06/30/03 (0)

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: Moving to CA next month and want to bid at foreclosure auctions.  Does anyone know generally what trustees require for deposit?  5%?  Those CA property values are pretty high, 5% would be high barrier to entry for lots of newbie foreclosure investors.  If it's $5k or so then anyone can jump in on the action.





: Thanks,


: Frank








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