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I am really liking the direction this one is heading. I know I know its just a short sale, but it is still very encouraging. http://www.redfin.com/CA/Newport-Coast/5-Stargazer-92657/home/5928609

Thanks everyone. This confirms what I had guessed, that banks are not setup for this type of business.

I am considering attempting to purchase a home at an upcoming auction, however I do not have sufficient cash for the purchase. Is anyone aware of financing sources for trustee sale purchases?

Bid vs. Ask is not in reference to closed sales Rob. The point was that a whole bunch of asks are never going to hit the bid. These won't ever be recorded as sales. At least not until one of the two figures moves. The assumption is that asks will fall to the bid in a buyers market.

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