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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (106076)	2/21/2008 10:32:43 PM
From: Lizzie Tudor	Respond to of 306849

well there have been a few of them. This one was an auction, by "Hudson and Marshall" they are an auction company. All it says is an auction of foreclosed homes. I didn't go to it but they have the few resales here. If you click on the link you can see the last bid where somebody won it and probably couldn't pay. hudsonandmarshall.com Just taking one of them, 22773 Lorand in Hayward, the high bid was 395K. but if you look on movoto you can see it was offered for 479 (and obviously didn't sell). movoto.com The buyers premium is another 5% on top of that 395 that the high bidder won, so I would hardly call that a bargain, you probably could have offered that and got it when it was on MLS. The other auction is one of these, this weekend. ushomeauction.com[]=75&search=1 Its probably the same deal. If you can get something for close to the opening price then fine, otherwise forget it. It seems like these are the ones who don't sell in MLS.