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 [...]
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 [...]
Residential real estate auctions have become the fastest growing sector of the auction industry. The massive over-supply of condos has turned metro regions throughout the U.S. into fertile ground for real estate auctions.
Builders and developers nationwide have found themselves in the same predicament as hundreds of thousands of home sellers around the country: the need [...]
Valued From as Little as $17,000 to $500,000, these Foreclosures Will Be Auctioned by Hudson & Marshall on September 13th
As record numbers of foreclosures continue to saturate the housing market, more buyers are flocking to foreclosure auctions to score deals on homes. Buyers realize today’s foreclosed homes come in many different sizes and conditions and [...]
J. P. King Auction Company, the nation’s leading auction marketing firm will manage the Federal Deposit Insurance Corporation’s (FDIC) auction of foreclosed property in Detroit, Michigan on September 30, 2008, 2 p.m. at the Rock Financial Showplace. J. P. King’s Asset Auctions Division will auction 83 foreclosed properties.
The properties range in value from as low [...]
Jackson Hole Auction Company (www.jacksonholeauctions.com) announces the Annual Fall Real Estate Auction from Eastern Idaho to Jackson Hole and across Wyoming on September 20, according to William F. Burke CAI AARE, auctioneer and president of the company.
Burke said, “We are actively seeking property owners in the Jackson Hole market areas who want to auction their [...]
Chicago-based NRC Realty Advisors Inc. will hold the largest new residential real estate auction in Michigan’s history. The 400-property auction Sept. 20-21 serves as a signal that the real estate market may be nearing the bottom. The properties include completed homes and lots; nine homes and 37 lots are available in Washtenaw and Livingston counties.”In [...]