This morning at the San Diego Courthouse on Broadway, an auctioneer was auctioning off properties, outside off the court steps. About a dozen people were gathered around, and most were very shabbily dressed. It was an odd sight! I stopped to listen, and caught only the last sale, which he called at $212K, 3 times, and no one stepped forward. He then said it would go back to the bank, and the event ended. I stopped one of the tooth-less gals standing around him, and she told me it was an auction for houses in foreclosure. She was untalkative, and quickly walked away, almost as if she thought if I got too interested, I might start coming there too and be her competition on bidding.
I called the courthouse, but got nowhere w/ the numbers they gave me. Typical, right?
What I really wanted to know is why these people allowed their homes to go to auction, instead of just selling them, and second, if the number of homes auctioned is changing.
