San Diego Auction

[LA_Renter]

This just popped up on Housingwire. Does anybody have any first hand knowledge of this. Please provide insights.

“An auction of about 135 foreclosed homes in San Diego Saturday provided more sobering news for mortgage lenders. Ramsey Su, an investor and former real-estate broker who attended, calculated that the high bids for the homes averaged 67% of the prices they fetched when they were last sold, mostly in 2004 or 2005. At a similar auction in San Diego in May, the average was 73%. The auction was held by Real Estate Disposition Corp., Irvine, Calif., which promotes such sales on the http://www.usahomeauction.com Web site. REDC officials couldn’t be reached to comment.”

http://www.housingwire.com/2007/08/20/wsj-countrywide-begins-layoffs/

[Ex-SD]

There is another thread about this subject. The title is “Auction……..could it flop?”

[Ex-SD]

There is another thread about this subject. The title is “Auction……..could it flop?”

[Ex-SD]

There is another thread about this subject. The title is “Auction……..could it flop?”

[LA_Renter]

Thanks Ex-SD, I always wonder when I post if it is already floating around out there.

[LA_Renter]

Thanks Ex-SD, I always wonder when I post if it is already floating around out there.

[LA_Renter]

Thanks Ex-SD, I always wonder when I post if it is already floating around out there.

[Author]

Posts