PRE-FORECLOSURE AUCTION.....THIS IS YOUR OPPORTUNITY TO WIN THIS GREAT HOME IN  POWAY….FABULOUS FOR FIRST-TIME HOMEBUYER!!! Beautiful, well-manicured lawn, spacious living room with cozy fireplace, all wood kitchen cabinets, white tile countertops in kitchen and bath, all-white kitchen appliances and sink. Three bedrooms on second floor:  large master’s bedroom with mirrored closet doors, two smaller bedrooms with a shared bathroom.   Attached 2 car garage, concrete patio—ideal for barbecue or basketball.  Close to schools and shopping. HOA covers water and sewer, landscaping and common areas maintenance including swimming pool, building outside maintenance, fire insurance for outside of building.

BIDDER'S PACKAGE: Bidders (or Broker/Agent) Click Here to Download

Broker Participation is encouraged: To register yourself as your client's agent, fill out the bidder's packet information form with your client's information and put your information into the comment's section.

All properties are offered with free and clear title. The winning bid will be submitted to the Lender for final approval. Once the sale is approved, the buyer will have 30 days to Close Escrow. PROFESSIONAL NEGOTIATION IS CURRENTLY IN PROGRESS ON THIS PROPERTY.

A BID STATION FOR ON-SITE BIDDING WILL BE AVAILABLE AT THE PROPERTY DURING EACH AUCTION PREVIEW AS WELL AS ON THE LAST AUCTION DAY.

GOOGLE MAP: Click Here

(Must be Prequalified to be the Winning Bidder)

ONLINE PREQUALIFICATION:

You must be prequalified for a loan or be paying cash to be the winning bidder. Fax your lender’s commitment letter or proof of funds if you are a cash bidder to Mary Ellen Wilson at 760-888-0401.

OR...

To get preapproval contact High Tech Lending at

www.experthomeauctionsintl.com Click on the circle that says mortgages at the bottom of the home page. Then click on get a mortgage quote. Fill out the form and a mortgage professional will contact you.

Contact Information:
LISTING AGENT: Bing Bascos – 619-850-9996
LISTING BROKER: Janette Champagne 858-752-6060

AUCTIONEERS:
Bing Bascos - 619-850-9996
Mary Ellen Wilson – 619-261-6459

STEPS TO A WINNING BID ON THIS PROPERTY:

STEP  1:

Bid anytime. See instructions to be prequalified for a loan. When bidding place the minimum bid until you become the high bidder. The computer will bid for the person with the highest maximum bid. Once you are the highest bidder, you can put in your maximum bid. If you put in a maximum bid and it is higher than the current maximum bid, the computer will jump to your high bid.

For example: If the current bid is $5000 and A (the current high bidder) has a maximum bid of $7000. If you bid $8000, the computer will jump to $8000 and make you the highest bidder, but if you bid incrementally, $6000, then $7000, then $8000 and become the highest bidder, you can put in $50,000 and no one will see your maximum bid and the computer will bid $1000 for you until $51,000 is reached.

To practice bidding type DEMO in the search box. You will see a DEMO listing in addition to the current auctions. Practice until you feel comfortable bidding.

STEP 2:

Review the property and auction information at this site.

STEP 3:

Click on the "BIDDER'S PACKAGE" Download Link above to download all the necessary forms and disclosure documents for your property research.

STEP 4:

At the top of this page, click on “Register” to complete the form for Expert Home Solutions, Inc. dba Expert Home Auctions International registration. Registration is free.

STEP 5:

Visit and inspect the property during one of the Auction Preview times.

STEP 6:

Fax your lender’s commitment letter to 760-888-0401 or go to www.experthomeauctionsintl.com, click on mortgage and apply for a mortgage loan.

STEP 7:

On the last day of the auction you are protected with sniper control. If anyone bids in the last 3 minutes of the auction, the computer adds 7 minutes to the auction. This protects you from computer programs designed to steal auctions in the last second. So plan to be there for possibly longer than the final hour of the auction. Happy Bidding!

STEP8:

When you are the winning bidder we will contact you with a Purchase Agreement, Bidder’s Packet Receipt and Buyer’s Auction Fee Agreement.

The Bidding Process is very similar to ebay…bid ANYTIME… bid as often as you like. For an explanation of Proxy Bidding, where the system can automatically bid in small increments for you, up to your limit, click on "Help" at the top of this page.

TERMS AND CONDITIONS OF AUCTION:

Connect Realty, Inc. (hereinafter "Listing Broker") will offer the property for auction on the Expert Home Solutions, Inc. dba Expert Home Auctions International internet website, www.experthomeauction.com according to the following terms and conditions:

This auction is subject to Sellers/Lender's approval. It is your responsibility to read the specific terms and conditions for each property and be informed of the specific terms and conditions that apply to that particular property. Announcements and information, provided on the Expert Home Auctions International website will take precedence over printed marketing material or verbal assertions. THE PROPERTY IS SOLD "AS IS," WITH NO CONTINGINCIES RELATED TO FINANCING APPRAISAL OR INSPECTIONS AND ALL SALES ARE FINAL. THE SUCCESSFUL BIDDER ACKNOWLEDGES THAT THE AUCTIONEER AND THE SELLER HAVE MADE NO EXPRESSED OR IMPLIED WARRANTY OR REPRESENTATION OF ANY TYPE AS TO THE PROPERTY AND THAT THE PROPERTY IS SOLD WITHOUT ANY WARRANTIES WHATSOEVER, EXPRESSED OR IMPLIED AND SPECIFICALLY THERE IS NO WARRANTY AS TO  MARKETABILITY OR MARKET VALUE AND NO WARRANTY AS TO ITS FITNESS FOR ANY PARTICULAR PURPOSE OR USE.

Though all descriptions and information are believed to be correct, in no event shall auctioneer or seller be held responsible for having made or implied any warranty of description, genuineness, condition etc. Buyer is to verify all information provided on the website. The property is open to thorough public inspection at the published property preview dates. Auctioneer reserves the right to withdraw any item before or during the auction. Auctioneer reserves the right to bid on behalf of the seller up to but not past the contract reserve price. Only registered bidders may bid on the property being sold, any exceptions to this requirement shall be within the sole discretion of the Auctioneer. No allowances, adjustments or rescission of sale will be allowed based upon failure of the property to correspond to a particular need or use. The registered bidder will be responsible for any bid or purchase made with his or her unique Expert Home Auctions International username and password.

A BUYERS PREMIUM OF 5%, AS SPECIFIED IN THE TERMS AND CONDITIONS FOR EACH PROPERTY, WILL BE CHARGED TO THE BUYER AS A CLOSING COST, DUE AND PAYABLE AT CLOSE OF ESCROW. THIS FEE IS PAID DIRECTLY TO EXPERT HOME AUCTIONS INTERNATIONAL AND IS NOT INCLUDED IN THE PURCHASE PRICE.

Bidder acknowledges that a security deposit of $2,500.00 (may vary per property) is required within 48 hours upon being declared the winning bidder; this money will be deposited into Listing Brokers trust account until time of closing when it is transferred to escrow. If bidder is a first or second runner up and does not submit an offer as a backup within 48 hours they may not be considered should the winner be unable to perform. To insure your place in line as a winner, submit your offer.

RESPONSIBILITY OF BIDDER AND INDEMNIFICATION: Bidder agrees to assume the defense of and indemnify and hold harmless Expert Home Auctions International and EHAI employees, officers, or independent contractors and the Listing Broker for all claims, loss, damage, injury and liability of every and any kind, directly or indirectly caused by acts of bidder and/or it’s agents in connection with this auction or the use of the property by the successful bidder. If the foregoing conditions or any other applicable conditions are not complied with, in addition to other remedies available to Expert Home Auctions International and EHAI employees, officers, or independent contractors and the Listing Broker and the Seller by law, including, without limitation, the right to hold the successful bidder liable for the bid price. Expert Home Auctions International and EHAI employees, officers, or independent contractors and the Listing Broker, as its option may either (a) cancel the sale, retaining as liquidated damages all payments made by the successful bidder or (b) resell the property publicly or privately and in such event, the successful bidder shall be liable for payment of any deficiency plus all costs, including the holding costs of the property, the expense of both sales and Expert Home Auctions International transaction fee and incidental damages. In any action to enforce and/or recover damages pursuant to this document Listing Broker shall be entitled to recover its attorney fees, expenses and all cost of suit incurred in such action. If you are the high bidder and fail to sign the purchase contract within 48 hours you forfeit your bid and agree to pay Expert Home Auctions International any collections and/or attorney fees. 

BROKER PARTICIPATION INVITED: Subject to established guidelines outlined in Broker Participation Agreement. All information in this brochure was derived from sources believed correct, but is not guaranteed. All property measurements are approximate. It is Buyer’s responsibility to verify all permits, property use and property specifications before placing a bid.

Listing Broker may be agent for seller only or both buyer and seller provided appropriate legal documents are signed by both the buyer and the seller.

Cash and conventional financing are accepted. The winning bid will be submitted to the Lender for final approval. Winning Bidder will be contacted by the listing agent and has 48 hours to sign their residential purchase agreement, bidder's packet receipt and buyer's auction fee agreement and return them to the listing agent with their $2500 deposit funds.  Listing Broker is agent of seller only. To register as a selling broker, fill out the form for the bidder's packet at www.experthomeauctionsintl.com putting your client's information in the form and your information in the Comment's section. All information in this listing was derived from sources believed to becorrect, but is not guaranteed. All property measurements are approximate. It is Buyer’s responsibility to verify all permits, property use and property specifications before placing a bid. Bidder agrees to assume the defense of and indemnify and hold harmless Expert Home Solutions, Inc. dba Expert Home Auctions International and the Listing Broker for all claims, loss, damage, injury and liability of every kind, directly or indirectly caused by acts of bidder and/or it’s agents in connection with this auction or the use of the property by the successful bidder. If the foregoing conditions or any other applicable conditions are not complied with, in addition to other remedies available to Expert Home Solutions, Inc. dba Expert Home Auctions International, the Listing Broker and the Seller by law, including, without limitation, the right to hold the successful bidder liable for the bid price. Expert Home Solutions, Inc. dba Expert Home Auctions International and the Listing Broker, as its option may either (a) cancel the sale, retaining as liquidated damages all payments made by the successful bidder or (b) resell the property publicly or privately and in such event, the successful bidder shall be liable for payment of any deficiency plus all costs, including the holding costs of the property, the expense of both sales and Expert Home Solutions, Inc. dba Expert Home Auctions International transaction fee and incidental damages. In any action to enforce and/or recover damages pursuant to this document Listing Broker shall be entitled to recover its attorney fees, expenses and all cost of suit incurred in such action. If you are the high bidder and fail to sign the purchase contract within 48 hours you forfeit your bid and agree to pay Expert Home Solutions, Inc. dba Expert Home Auctions International $300.00 plus any collections and/or attorney fees.