Here are a few tips that may assist you with your bid and the auction procedure.
Read the auction posting carefully. If you need additional information or have any questions, go to the bottom of the posting and click on question for seller. The information on the posting will provide you with 99% of the information we have.
There are links provided throughout the posting that will help you in understanding the bidding, winning, payment and deeding process. Be sure to read through these as well. Remember, the winning bid is considered a contract to purchase, so do your due diligence before you bid!
Our offices are in Arizona. We have been to most of the areas where we own property but not visited each lot. See below for detail.
ARKANSAS: These lots were purchased through tax deed foreclosure. Please complete all research regarding this property prior to bidding. Prior Suburban Improvement District (SID) or related liens may exist.
ARIZONA: Nearly all of this property was purchased with title insurance. Please check the county websites to research the property. The winning bidder may see his/her own policy. Many of our customers do this with success.
NEW MEXICO: The properties in Valencia County, Canyon Del Rio, Rio Del Oro, Rio Grande Estates, Rancho Rio Grande, and Tierra Grande, were purchased from several independent and non profit sources. Most were purchased with title insurance or from very credible sources. New owners may seek a policy after ownership from Mission. For properties under .5 acres in the subdivisions listed above, the policy may cost more than the price of the property. As with all property, please complete your research with the appropriate municipalities or other resources prior to bidding.
IF I WIN?WHAT HAPPENS NEXT?
You will receive an e-mail billing from Mission Equity Properties. All of our auctions require a $200.00 doc/prep fee due within three days of the close of the auction. Please read the details of the auction in which you are interested.
The e-mail billing will include a link for a credit card payment. You may wish to use this method or contact us if you wish to pay by cashier's check, money order or wire transfer.
Once you make your payment, Mission is notified of the transaction.
There is a form provided for you, on the billing, to fill in information for your deed. Fill it in and e-mail it back to Mission Equity Properties.
Once Mission receives confirmation that the payment has gone through and we have your deed information, your deed is processed and mailed via Priority Mail or UPS within 3 (three) business days. Tracking numbers will be emailed to you when shipped with UPS.
WHAT DO I HAVE TO DO WITH THE DOCUMENTS?
You will also receive a complete sheet of instructions regarding what to do in the package. If the sale is a full price cash sale the instructions will include how to record the deed with the County. Generally this is a 2-step process, indicating the recording fee and the County mailing information. The instruction sheet will also indicate if your signature and notary is required to record.
CLICK HERE TO DOWN LOAD A SAMPLE CASH SALE PACKAGE..
