With the recent launch of REIAuctions.com, real estate investors across the U.S. now have a powerful new system to buy and sell investment deals. They can say good-bye to common industry irritants and welcome a valuable tool that saves time and money by enabling quick, convenient, and profitable transactions.
REIAuctions.com is a web based auction tool [...]

Reuters With bidding stalled on some of the least desirable residences in Detroit’s collapsing housing market, even the fast-talking auctioneer was feeling the stress.
“Folks, the ground underneath the house goes with it. You do know that, right?” he offered.
After selling house after house in the Motor City for less than the $29,000 it costs to buy the average new car, the auctioneer tried a new line: “The lumber in the house is worth more than that!”
As Detroit reels from job losses in the U.S. auto industry, the depressed city has …

Santa Cruz County staged its most successful tax-defaulted property sale this week, peddling 10 parcels for more than $442,000.
The county’s first eBay-style online auction garnered 752 bids from 38 people in six states. Generally, fewer than 10 people bid in previous county auctions, said Treasurer Fred Keeley.
The online auction “draws a larger field of folks who have the willingness to bid these properties up,” he said.
The properties, which were more than five years past due on property tax payments, sold for between $8,900 and $121,100 to bidders in California and …

Up to 85 units at the Harbour Pointe development in Port Charlotte, Florida were sold to UK sports stars and investors and recently renowned auction company www.ManningDrake.com were contracted to auction off remaining units.
Paul Drake of Manning Drake Auctioneers states; “This is a remarkable opportunity for US & UK investors to come on board, [...]

Sutton Kersh achieved a 90% sold figure after raising more than £8.3 million in receipts recently from one of their largest auctions to date.
Following a bumper year in 2006 with sales totalling in excess of £37 million, the Cotton Street-based auction house also held what is believed to be the longest ever auction on record in Liverpool.
Held at the Marriott Hotel City Centre, the auction was characterised by some fierce bidding, particularly on commercial lots around or under £100,000.
Director James Kersh, speaking shortly after Binstock’s marathon effort:
“Auctioneer Andrew Binstock spent …

The Arizona State Land Department is expecting a strong turnout when it auctions a commercial lease on an industrial parcel in north Scottsdale next month.
The department will auction a lease for 124.7 acres northeast of East Bell Road and Loop 101 on April 24.
“This is a prime commercial-industrial site in Scottsdale,” said Jamie Hogue, deputy state land commissioner. “It’s in the middle of all the action that’s happening right now. We’re expecting this to be a very competitive auction.”
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Hogue said that only one applicant, Industrial Development Services, has expressed …

Property auctioneers The Venmore Partnership is expanding into Wirral following the acquisition of Property Link.
Venmores, which has its head office in Liverpool, and 20 branches across Merseyside, Cheshire and Lancashire, has bought the Birkenhead lettings and property management company.
The company will hold its first Wirral property auction on Friday, April 20 at the Village Hotel, Bromborough.
Phil Cassidy, a Venmores partner and senior auctioneer, said: “Acquiring Property Link gives The Venmore Partnership a permanent Wirral base and allows us to provide an even better service.”

In an exclusive tie-up, Indiatimes Auctions has partnered with Gowealthy.com and forayed into international property auctions. The tie-up has come at a time when real estate is facing an all-time boom and when people with high disposable income are ready to explore property opportunities beyond their home turf.
Indiatimes Auctions is one of the most recognised and trusted services in the Indiatimes brandwagon, and has successfully displayed the power of online auction platforms through the sale of airline tickets, holiday and consumer durables. Gowealthy.com will avail this auction platform and will …

ChinaChem Group was the winning bidder for the third site sold in the government land auction today, officials said.
ChinaChem won the site – a 29,601 square foot plot at Plover Cove in New Territories -with a bid of 570 mln hkd.
The site, the smallest of three sites offered in today’s auction, had a minimum asking price of 326 mln hkd.

SVA Property Auctions has achieved sales of more than £6.3 million, the company’s highest auction proceeds, in the first auction of its 2007 programme. In all, 90 per cent of the 45 lots in the catalogue were sold at the auction in Glasgow, including some substantial deals concluded before the auction itself.
All Scottish Water properties were sold as were all the properties brought to auction by commercial clients BRB (Residuary) and LandSecurities. Two key properties – a development opportunity at Minerva Street in Glasgow and a commercial investment in Kirkwall …