Gone are the days where simply calling it an “auction” means it’s going to sell. Today’s buyers are looking for bargains, and bargains can be found at forced auction sales. When a lender orders an auction sale, this typically means that they wish to move this asset off of their books. In most cases, money is not as much as a concern as timing and ability to close the transaction. Holding costs and deferred maintenance are often reason enough for a lender to order an auction sale which means one thing for buyers out there- this is going to be a good opportunity.
We have many such sales going on right now at our website, here are two: House Auction Company is handling the absolute auction sale: North Carolina Coastal Waterfront Property 6 Beaufort County Waterfront Home Sites on May 15th, 2009. Tranzon Asset Advisors is handling the Lender Ordered Auction: Excellently Located Retail Shopping Center in Cincinnati, OH on June 3rd, 2009.
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