All they have to do is ditch the reserve price, and auctions would work great - have some guts! Hat tip to AL for sending this along from the wsj.com: Last Friday, about 60 people gathered at a 10,300-square-foot French Chateau-style home in a gated community of this...
Bob the listing agent and his staff have found us here, so I told him I'd try to help him rustle up a few more bidders for the next auction coming up Thursday. Tomorrow is the deadline to get in your $500,000 deposit to qualify to bid! From the U-T: The auction date...
From Lily at the U-T: A ban on foreclosure auctions outside the downtown San Diego Superior Court has forced those who conduct them to two other areas that already host such transactions, a spokesman with a trade group that represents trustees said Monday. The ban,...
A reader noted that yesterday was an active day for trustee sales. But unlike last month, when I got snookered into thinking something was afoot, I went right to the auction.com website. Yep, yesterday they conducted their latest installment of 'trustee sales by...
A "reserve price" spoils another auction - from latimes.com: The auction of a custom-built mansion along Malibu's "Billionaire's Beach," so named for its wealthy homeowners, hit a snag Sunday when it failed to generate an acceptable bid. Although the bidding started...
Reader Jay saw that auction.com is now conducting trustee sales, and wanted the scoop. It's not surprising that lenders bloated with properties would be attracted to the allure of ballroom auctions. They seem like a great idea - let's gather around a bunch of novice...
We thought auction.com might be on to something, after spending $1.7 million just for their name. They had some flashy advertising, and made it sound like auctioning houses on-line would become the norm. They are owned by REDC, the hotel-ballroom auction outfit, so...
The next auction of properties that have been declared defaulted due to unpaid property taxes is coming up on Friday, March 18th. Here is the list of properties: http://sdcounty.ca.gov/ttc/docs/pats7032.pdf A good source for vacant lots and timeshares - including 27...
When faced with having to accept an offer that's lower than expected, sellers like to think that there will always be other buyers - and there will be. But will they pay the same price....or more, later? Here's a good example. First the builder said they were going...
The "Balboa Lot" in Del Mar was purchased by Cinninati Bengal quarterback Carson Palmer, according to this article in the U-T. The sales price was $4,400,000 ($4 million + the 10% vig), and it closed on November 4th. The auctioneer was masterful in how he took the bid...
