I’d like to know more about this, too. I’m a lurking noob here who saw the two (2) ads in Sunday’s UT. The auction is actually Sept. 29, not 9/02. They have a website, http://www.redchomeauction.com that lists the units and prices. Prices look good, probably even lower than what they *should* be selling for.
Example: 1/1 for $149,000 instead of $319,900 and a 2/2 *starting* at $199,000 instead of $449,000. Something seems “fishy” about this though…at best, I suspect shills might bid all 35 units supposedly for auction at La Boheme to at or beyond the “Previously Valued To” level. Others may know more…but I think it’s a bit early to think you’ll actually win an auction like this at anywhere close to the “starting at” price…but to me, that is a more realistic price that we’re getting closer to every day!
