Auctions are coming to the rescue of the banks to offload their inventory of foreclosed houses. Rates are being drastically cut but there are risks attached.
A house on Shelby Avenue in East Nashville was up for auction among 30 others. The auction was being conducted by Bob Parks Auction – the company being on a [...]
Thanks to the recent passage of a new law foreclosure auctions in Illinois have been delayed but not cancelled. It is apprehended that the number of default notices will continue to increase.
During the past three months in the Chicago region the default notices had dropped because of decrease in the number of filings for a [...]
Overseas buyers coming from U.K. and Australia are flocking to foreclosure auctions in Detroit. The city is dotted with foreclosure notices and there is a surfeit of houses for sale. There are on the shop shelves 1,800 units priced below $10,000. Just a couple of years ago these were worth ten times that amount. In [...]
To turn a foreclosure auction into gain one requires patience and nerves of steel. Recently a seminar was held at Hotel Huntington Beach on foreclosures. The speaker, Hannigan, was a lawyer from San Diego who claimed to have traded in 50 foreclosed properties in 25 years. It is these investments that have made him [...]
The club is scheduled to be handed over to the highest bidder at an auction to be held on 26th December in Pitt County Courthouse. It will start at 2 pm as per an insertion in the classified section of a daily newspaper – The Daily Reflector.
The Brook Valley Country Club boasts of an eighteen-hole [...]
On the first Tuesday of every month it is a bonanza for investors who throng the Coweta County court. For weeks they had been preparing for this day when foreclosed properties were going for a song. The bidders are a patient lot
There are so many investors in the fray that classes and courses are [...]
Foreclosures have come – they are knocking at every alternate door. The foreclosure process consists of several steps. When the borrower fails for the third consecutive time to make payments the lender sends a foreclosure notice. Time is again given to allow for payment but in the event of a failure an auction date is [...]
The country is in the grip of foreclosure crisis – the worst in 16 years. The Federal Reserve and other allied banking regulators have taken the unprecedented step of appealing to the mortgage lenders not to rush on with proceedings. The man in the street has been surprised by the move – the likes of [...]
