Archive for January, 2008

23.01.08

A few reasons why there are no deals at foreclosure auction in FL

Economy

I went to a foreclosure auction today, expecting all the fun and excitements of an auction. Instead what I found was a roomful of agents representing attorneys. The auction went like this and I am paraphrasing.

“How much does the borrower owe the bank?” - court

“250 thousand” - rep

“Going once, twice, three times, sold to the plaintiff.” - court

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23.01.08

Real Estate Auctions

Foreclosure Woos

Housing prices are going down no doubt. If you are not patient and not willing to wait for the prices to tank more, you might check out real estate auctions. Find an auction near you here.
http://auctioncalendar.auctioneers.org/

On that site, you can search for recently completed transactions too, so you can get a sense of how much below asking prices recent transactions have been.

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I used to write about investments, the economy and the housing crisis when I worked at a fixed income hedge fund. Now I will write about my adventures traveling the world.
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