Your “Miami condo auction draws low bids” article was both symptomatic and problematic. A developer holds an auction and now cries that he sold nine condos that he couldn’t sell prior to the auction for less than what they cost to build. This smacks of the real problem – greed coupled with over-inflated prices.
If someone [...]
Once thought of as only distressed properties, today’s foreclosure market is filled with upscale homes that are turning buyers’ heads. Buyers are attending bank-owned foreclosure auctions to find the move-in ready home of their dreams at the right price. America’s leading real estate owned (REO) auction firm, Hudson & Marshall, will auction 60 upscale bank-owned [...]
Falling home prices and a market choked with inventory have buyers crowding bank-owned foreclosure auctions to get low prices on property. Due to the long-term expenses of carrying a foreclosed property, banks are eager to sell these homes below market value. Hudson & Marshall will auction nearly 600 bank-owned homes throughout Georgia, Tennessee and [...]
It drew hundreds of spectators and willing buyers, but it turns out, a recent real-estate auction was a bust. The bank turned down offers from the highest bidders, even though the properties were foreclosures.
There is no reason to believe it was a scam, but there is some evidence that perhaps the banks got really nervous [...]
In a chilled housing market, bursting over with excess inventory, more buyers are attending bank-owned foreclosure auctions to find deals. Eager to move these properties off their books, banks often sell these homes through auction at heavily discounted prices. America’s leading real estate auction firm, Hudson & Marshall, will auction nearly 100 homes in the [...]
Foreclosure auctions nationwide are attracting throngs of bargain hungry buyers with great deals. From investor property to move in ready homes, there are a wide variety of foreclosures available in today’s slumped housing market. Nearly 400 bank-owned foreclosures will be auctioned by Hudson & Marshall throughout cities in Southern California on October 7th-12th. Buyers will [...]
Sheriff’s sales — a key indicator of the mortgage crisis — have ballooned more than sixfold since 2003 in 10 metro counties, and another wave is expected
Americans are struggling to cope with the fastest rise in the cost of living for 17 years as one in every 464 US households face the real risk of losing their homes, two sets of data showed today.
Official inflation statistics published by Washington’s Labour Department showed that consumer prices rose by 0.8 per cent in [...]
In a chilled housing market where prices continue to cool, bank-owned foreclosure auctions offer buyers a fast, easy way to grab the best deals on the market. Lenders are eager to sell their foreclosed properties at auction at discounted prices to avoid the long-term carrying costs incurred by these loans. America’s most trusted foreclosure auction [...]
WHAT HAPPENS WHEN I MISS MY MORTGAGE PAYMENTS?
Foreclosure may occur. This is the legal means that your lender can use to repossess (take over) your home. When this happens, you must move out of your house. If your property is worth less than the total amount you owe on your mortgage loan, a deficiency judgment [...]