Category: Auction

Check out the Indoor Waterfall in Luxury Real Estate in New Hampshire

Source: PamPerkinsRealEstate

If I were looking for a home in the New Hampshire real estate market I would definitely take a look at this property that is modern, spacious, and features its own indoor waterfall. Of course, with its $4.95 million dollar price tag it is about $4.8 million over my budget. But, perhaps this could be… Continue reading Check out the Indoor Waterfall in Luxury Real Estate in New Hampshire

Smallest American Town Makes Dream Come True

The smallest town in the U.S. ranked by population was auctioned-off for $900,000 to a Vietnamese man, whose dream came true to buy a  piece of America. Buford, Wyoming originated in the 1860s and was a busting community of 2,000 residents before the transcontinental railroad was re-routed. Don Sammons has been the town’s sole resident… Continue reading Smallest American Town Makes Dream Come True

Bulk Government Foreclosure Sales Start

By Mike Colpitts The U.S. government is starting to sell-off its massive over-supply of foreclosed homes to investment equity firms at major discounts in a controversial trial program that could result in the future sale of hundreds of thousands of similar homes for pennies on the dollar. The Federal Housing Finance Agency (FHFA) announced the… Continue reading Bulk Government Foreclosure Sales Start

Miami Heat Forward Puts Home Up for Auction

By Ryan Jackson Showing that timing is everything, Miami Heat forward Mike Miller, who is battling with his team in the east coast conference series against the Boston Celtics to get into the NBA finals, is putting his Miami mansion up for auction. Miller, whose team lost to the Celtics last night, which makes The… Continue reading Miami Heat Forward Puts Home Up for Auction

FDIC Puts Real Estate Up for Auction

By Ryan Jackson Flooded with an inventory of foreclosures, the government’s Federal Deposit Insurance Corporation (FDIC), which has taken over hundreds of failed banks since the collapse of the U.S. real estate market, is holding an online auction to sell off some of its properties. The FDIC is auctioning-off 50 Midwest homes and commercial properties… Continue reading FDIC Puts Real Estate Up for Auction

Real Estate Investors Plead Guilty to Auction Bid Rigging

By Mike Colpitts Eight San Francisco Bay Area real estate investors have agreed to plead guilty for their roles in a conspiracy to rig bids at public real estate foreclosure auctions in Northern California, according to the Department of Justice. The real estate investors took part in conspiracies to rig bids by agreeing to refrain… Continue reading Real Estate Investors Plead Guilty to Auction Bid Rigging

Foreclosures Drop, Despite Turmoil

By Mike Colpitts Foreclosure filings dropped 2% in May as banks and mortgage servicing companies experienced turmoil as a result of legal problems dealing with foreclosures. Filings fell a third from a year ago. Formal foreclosure auctions, the last step in the painful foreclosure process, however, were scheduled against 89,251 U.S. residential properties during the… Continue reading Foreclosures Drop, Despite Turmoil

Home Auctions Boom despite Sales Moratorium

By Kevin Chiu In Las Vegas, gamblers are refraining from putting down payments on homes in neighborhoods to find some of the best real estate deals at auctions. In Los Angeles want-a-be homeowners are checking home listings online to check prices, and then turning out to bid on auctions in search of bargains. And in… Continue reading Home Auctions Boom despite Sales Moratorium