Auction…could it flop?

[SD Realtor]

Rus I think it will be very well attended. As to how many homes actually get auctioned off it will be harder to say. One thing that may incentivize the lenders this time around is the fact that they have much more inventory at present and projected to come in the future. So perhaps they start dumping as compared to the June auction.

Also I agree with nsr that foreclosures are the new in vogue thing.

SD Realtor

[bsrsharma]

Rustico,

What happened at the last one? Did they sell at high prices? This is just the leading edge of the wave. The better deals are still a while away.

[bsrsharma]

Rustico,

What happened at the last one? Did they sell at high prices? This is just the leading edge of the wave. The better deals are still a while away.

[bsrsharma]

Rustico,

What happened at the last one? Did they sell at high prices? This is just the leading edge of the wave. The better deals are still a while away.

[NotCranky]

bsrsharma
The last one we discussed here was a party. Participants on all levels were giddy . MlS type prices were paid.The pictures and coverage in the Tribune looked made it look like some sort or uplifting and regal event, champagne and all. Foreclosure auctions are not supposed to be public fun. This really speaks to a hangover from the mania. I agree the better deals are down the road but a flop here might be a good “Bellwether” and also perhaps be good for negative Pyschology. We are also in the traditional slow selling season. All the bad news a possible convergence of market ills comes down on this one. I am not saying it is going to happen. It just seems like there is a possibility. If the “success” compares negatively to the last one, which it should, that alone will be interesting.

[NotCranky]

bsrsharma
The last one we discussed here was a party. Participants on all levels were giddy . MlS type prices were paid.The pictures and coverage in the Tribune looked made it look like some sort or uplifting and regal event, champagne and all. Foreclosure auctions are not supposed to be public fun. This really speaks to a hangover from the mania. I agree the better deals are down the road but a flop here might be a good “Bellwether” and also perhaps be good for negative Pyschology. We are also in the traditional slow selling season. All the bad news a possible convergence of market ills comes down on this one. I am not saying it is going to happen. It just seems like there is a possibility. If the “success” compares negatively to the last one, which it should, that alone will be interesting.

[NotCranky]

bsrsharma
The last one we discussed here was a party. Participants on all levels were giddy . MlS type prices were paid.The pictures and coverage in the Tribune looked made it look like some sort or uplifting and regal event, champagne and all. Foreclosure auctions are not supposed to be public fun. This really speaks to a hangover from the mania. I agree the better deals are down the road but a flop here might be a good “Bellwether” and also perhaps be good for negative Pyschology. We are also in the traditional slow selling season. All the bad news a possible convergence of market ills comes down on this one. I am not saying it is going to happen. It just seems like there is a possibility. If the “success” compares negatively to the last one, which it should, that alone will be interesting.

[Fearful]

Like many of us, I was contemplating buying foreclosures, but then I realized I would be taking on substantial inventory risk. Buying foreclosures on the downward slope is a nice way to make a small fortune out of a big one. Successful foreclosure investors buy near the bottom, which is not until everyone has given up on real estate as an investment.

[Fearful]

Like many of us, I was contemplating buying foreclosures, but then I realized I would be taking on substantial inventory risk. Buying foreclosures on the downward slope is a nice way to make a small fortune out of a big one. Successful foreclosure investors buy near the bottom, which is not until everyone has given up on real estate as an investment.

[Fearful]

Like many of us, I was contemplating buying foreclosures, but then I realized I would be taking on substantial inventory risk. Buying foreclosures on the downward slope is a nice way to make a small fortune out of a big one. Successful foreclosure investors buy near the bottom, which is not until everyone has given up on real estate as an investment.

[La Jolla Renter]

The more rubberneckers that show up to the auction the more it adds to the hype.

There are much better things to do… enjoy the Beach!!!

What happens at the auction is really meaningless. What the price the properties officially close at is the real story. And we won’t know that for at least a month.

[La Jolla Renter]

The more rubberneckers that show up to the auction the more it adds to the hype.

There are much better things to do… enjoy the Beach!!!

What happens at the auction is really meaningless. What the price the properties officially close at is the real story. And we won’t know that for at least a month.

[La Jolla Renter]

The more rubberneckers that show up to the auction the more it adds to the hype.

There are much better things to do… enjoy the Beach!!!

What happens at the auction is really meaningless. What the price the properties officially close at is the real story. And we won’t know that for at least a month.

[noone]

Looking at the properties that would be of interest to me, the starting bids are around what I would be comfortable with as a final bid. So I’m staying home. I look forward to hearing stories from those who go though.

[noone]

Looking at the properties that would be of interest to me, the starting bids are around what I would be comfortable with as a final bid. So I’m staying home. I look forward to hearing stories from those who go though.

[Author]

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