Putting People Into Homes

SB 1079 allows individuals to purchase these homes AFTER the house has been sold at auction. See how the process works: Here . Or watch this video: Here

In a Nutshell:

Auctions at the courthouse can look like this:

But in reality, many auctions only have a few investors, and properties can be sold at tremendous discounts.

Once the property has sold at auction, it is subject to a 15 day waiting period to allow individuals, such as yourself, to submit a non-binding (no obligations) “Notice of Intent”. As soon as someone does, it extends the bidding until Day 45 from the original auction. At that point, bid funds are submitted and the highest bidder will prevail.

We maintain a listing of properties that have been sold at auction, and are available for bidding. The process is a bit complicated, and we are here to help guide you through that process. We have lists of properties available under SB 1079.

One needs to decide quickly. There are 15 days in which to decide whether you intend to make a bid on a property. This is non-binding, however, not without cost to pull it together. And this is not a normal house purchase, this is a foreclosure purchase direct from the Trustees, and there are risks involved. We do our best to mitigate those risks. If you think this is for you, get in touch and we’ll help.