bank auction property - commercial

bank auction property - commercial

How would a bank benefit from buying at auction a property it foreclosed on?

Mar 08, 2010 by confused | Posted in Renting & Real Estate

A bank foreclosed on a property, authorized it to go up for sheriff's sale (in Louisiana), and then sent a representative to the sale to bid on and buy the same property. If they already owned it by way of foreclosure, why would they buy it, essentially

The bank wants to make sure the property goes for a certain amount so they put it up for auction and then they bid on it until it reaches their desired price for it. if it doesn't reach that price they buy it back. it's confusing to some that are not

AnswerMan | Mar 08, 2010

Inland Real Estate Brokerage & Auctions, Inc. Announces June and July Auctions ...

23.02.04

“The July auction event reflects the increased activity we’re seeing across all property types,” said Paul Rogers, president of Inland Real Estate Brokerage & Auctions. “As the economic recovery continues, auctions remain a preferred method for sellers, including banks, to quickly realize value from their real estate holdings while creating attractive opportunities for investors.”

Additional retail/office properties up for auction July 12 include:

A 3,750-square-foot restaurant/lounge located at 5142 W. Belmont Ave., Chicago, in the bustling Belmont corridor. This bank-owned property is currently leased and income producing and will be auctioned with an opening bid of $198,500. A newly constructed 4,100-square-foot ground floor office/retail space located at 2801 W. Howard St., Chicago, on a high-traffic corner. Bank-owned and ideal for office or retail use, this divisible space

Source: Business Wire (press release)

Foreclosure Homes TV Commercial California

DiroStudios.com Demo of aa monthly updated TV commercial featuring several new real estate specials. Different versions were made for different ...

Buying REO Properties | Tempe Real Estate Group- Buy Sell Tempe ...

by editor

When a property is offered on auction, the bank or any financial institution is offering the property for sale. If there is no bidder and the auction ends without a sale, then the property would slip back to the lender. Real Estate Owned properties or REO are properties which are in the possession of a lender as a result of foreclosure, forfeiture after, or an unsuccessful sale of Yakima WA Real Estate at a foreclosure auction....

bank auction property - Read It!

224 pages	Buying Real Estate Foreclosures Creator: Melissa S. Kollen-Rice \| Business & Economics - 2008-08-14 An REO Purchase versus a Bank Auction Purchase The differences between purchasing a foreclosure property at a bank auction and purchasing a bank-owned ... Publisher: McGraw-Hill Professional

216 pages	The Peebles Path to Real Estate Wealth, How to Make Money in Any Market Creator: R. Donahue Peebles, J. P. Faber \| Business & Economics - 2008-08-05 The third category of auction is the bank auction, conducted by foreclosure attorneys to liquidate properties that banks have foreclosed. ... Publisher: Wiley

255 pages	Russia, creating private enterprises and efficient markets Creator: Ira W. Lieberman, World Bank \| Economic policy - 1995 Sverdlovsk Regional Auction Center. The property fund designated the Ural Stock Center ... with the local Sberbank (government-owned savings bank) branches, ... Publisher: World Bank Publications

70 pages	Czech Republic, completing the transformation of banks and enterprises Creator: World Bank \| Business & Economics - 2000 Prior to the new law, liens on moveable property could be foreclosed though public auctions, while liens on immovable property were foreclosed only through ... Publisher: World Bank Publications

1200 pages	Environmental Regulation of Real Property Creator: Nicholas A. Robinson \| Law - 1982-12-04 During this post-auction period, additional hazardous wastes appeared to have been disposed of on the property. These additional activities made the bank ...

bank auction property - News

Clayton takes back Phoenix building

Knoxville News Sentinel - Feb 23, 4838

At a foreclosure auction on Friday, Clayton Bank & Trust took back the property, submitting a credit bid of $2.7 million. Skip Bibb, of the partnership that previously owned the building, said Monday that the move was a “friendly foreclosure.

Nortel Networks' patent portfolio up for auction

Chicago Tribune - Feb 23, 8147

The sales process is being run by a boutique Chicago-based law firm, Global IP Law Group, in tandem with the Lazard investment bank. It's a high-profile assignment for the 2-year-old law firm that specializes in intellectual property.

Inland Real Estate Brokerage & Auctions, Inc. Announces June and July Auctions ...

Business Wire (press release) - Feb 23, 7604

This bank-owned property is currently leased and income producing and will be auctioned with an opening bid of $198500. A newly constructed 4100-square-foot ground floor office/retail space located at 2801 W. Howard St., Chicago, on a high-traffic

Zimbabwe farmers get justice

Times LIVE - Feb 23, 1065

It was also attached by German bank KFW Bank Gruppe, which claimed about R133-million from the cash-strapped Zimbabwean government. "The significance of today's judgment is in the fact that, once the Kenilworth property has been auctioned,

Lone Bidder Offers 64m Br for Langano Bekele Molla

Addis Fortune - Jun 06, 2011

One of the tenants at the time, Dashen Bank, acquired the property for 53.4 million Br in the same year, but the bank's attempt to auction the hotel in Langano had proven very difficult. The family fought CBE for almost a decade, arguing that the hotel