Articles Archive for December 2008
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Daniel P. McLaughlin & Co. Auctioneers, of Boston, will conduct a foreclosure auction on the 125,000-square-foot mill building located at 15 Cottage St. property at 11 am. on Jan. 6 at the premises. The building formerly housed Easthampton Dye Works, a factory that made colored thread.
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The 120-acre property, which includes a nine-hole golf course, tennis courts, pools and a new clubhouse has a reserve of $2.9 million. It is being sold off by Susquehanna Banks, which foreclosed on the property.
The auction is scheduled for 10 a.m. on Friday, Jan. 9 at the Adams County Sheriff’s office.
Gettysburg Country Club is located at 730 Chambersburg Road,Gettysburg, PA 17325.
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United Country Auction Services, a division of United Country Real Estate, Inc. (United Country), and Colliers International (Colliers) announced today a strategic alliance to provide accelerated commercial real estate transaction services to their respective commercial real estate clients.
“It’s likely that a large number of commercial assets nationwide will need to be sold in the next 12 months, and auctions are an ideal solution when seller requirements dictate,” said Patrick Duffy, chairman of Colliers’ National Retail Group. “The auction event is an excellent vehicle to expose an asset for sale to …
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J. P. King Auction Company, sold seven Soaring Eagle Lodge condominiums for $ 1.7 million in Snowshoe, West Virginia on Saturday, December 6, 2008.
The auction took place on-site with more than 100 people attending the auction, which attracted 24 registered bidders from West Virginia, Virginia, South Carolina, Ohio and Florida. The auction took approximately an hour and a half and featured live music and hors d’oeuvres.
For additional information about J. P. King, please call (800) 558-5464 or visit the company’s web site at www.jpking.com.
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Hudson & Marshall will auction nearly 200 bank-owned foreclosures in cities throughout Texas December 15th-21st. About 80 homes will be auctioned in Houston and another 65 in the Dallas/Fort Worth area.
According to the Mortgage Bankers Association’s latest delinquency survey, at the end of the third quarter of 2008, the delinquency rate for all outstanding loans on one to four unit residential properties was about 7%. The survey also estimates that the total number of homes entering foreclosure in 2008 will reach 2.2 million.
“Foreclosures are no longer perceived as distressed property …
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Inland Real Estate Auctions, Inc. has announced the successful sale of a 65-acre industrial development site in Seneca, Ill. During the recent auction, the property sold for $2.85 million, or nearly $44,000 per acre, around 60 percent higher than the minimum bid of $26,000 per acre. The property also sold for more than its last appraised value of $40,000 per acre.
“The auction process allows the marketplace to determine the value of a property, and in this case the buyers were clearly drawn to a site with excellent development potential,” said …
