Archive for the ‘Auction’ Category

Hundreds of homes, some from an upset price of only $ 1,000 U.S., were sold Sunday to the highest bidders, bidders in metropolitan New York.

Their owners no longer able to cope with the repayments of their loans, according to the company that organized the sale. “It is unusual to see so many houses seized or sold in New York City and elsewhere in the country who was much more severely affected, “said Robert Friedman, head of Real Estate Disposition Corp.. (CDIR), the California real estate at the origin of this operation with headquarters in Irvine. “It seems to have been built elsewhere too, more than here.” Read the rest of this entry »