The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (81181)	7/18/2007 11:01:30 PM
From: Les H	Read Replies (3) of 306849

Foreclosure auctions go silent 100% mortgages leave little profit potential for flippers; more bad news for housing On a late June afternoon, Laurence Kallen stepped to the podium in the Randolph Street office that serves as his cramped auction house. Mr. Kallen had 11 foreclosed Chicago properties to sell and 10 bidders in attendance. The auction lasted 10 minutes. He didn't get a single bid. chicagobusiness.com

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