Posted by Clare Z on October 05, 2003 at 15:20:31:
I am not entirely sure re: foreclosures, but that won’t stop me throwing in my 2 cents. I believe that in CA we have some pretty strict guidelines about buying foreclosures. The laws are meant to prevent people from taking undo advantage of people under the stress of foreclosure and you can get into trouble if you buy too cheap.
That said, the expert on this is Bruce Norris in Riverside. His web page is http://www.thenorrisgroup.com/
Good luck. I would also check out a local investors meeting (links on this site) and ask around there.