Jan 30th 2013 8:00AM
Home auctions aren't just for fat-pocketed investors scooping up decrepit foreclosures that banks are desperate to get off their books. At home auctions, you also can find perfectly fine homes in good condition that never fell into foreclosure. The sellers of these houses are the homeowners themselves, and the buyers are... Continue Reading »
Sep 20th 2011 6:00AM
We are licking our chops over this Hollywood Hills' mansion being sold at a live U.S. Marshals Service auction on Oct. 12. It's not an absolute auction; there is an unpublished reserve amount that needs to be met before anyone gets their paws on this puppy -- and the property was most recently listed for sale at $2.395... Continue Reading »
Aug 4th 2011 12:05PM
Two years ago, a 10,000-square-foot home overlooking 150 feet of coastline in celebrity-saturated Malibu, Calif., entered the top end of the market there at $65 million. But as with many luxury homes recently, a lack of interest eroded the confidence behind that price. And before long the home was being listed for $35... Continue Reading »
Apr 22nd 2011 9:58AM
Bank of America promised a Colorado man that the sale of his foreclosed home was on hold while they worked out the details, but as he stood on the phone with the North Carolina-based lender the home was auctioned off. Ray Vigil of Arvada, Colo., had gone through a period where he couldn't pay the mortgage, but for the... Continue Reading »
Nov 8th 2010 5:32PM
It seems almost impossible -- or horrific (or wonderful?). Homes at a two-day auction this past weekend in Detroit, arranged by the Federal Deposit Insurance Corp. (FDIC) went for as little as $50 -- for a four-bedroom home in perennially depressed inner Detroit -- and as high as $1.7 million -- for a relative bargain in a... Continue Reading »
