A reader emailed me to inquire about the Lumen Condos auction that is currently being advertised on our sidebar, asking whether there are any “catches” or “gotchas” that aren’t easy to spot. Auctions like this usually have a few things that might be described as “gotchas.” Here are a few things to look out for:…
Tag: auction
Banks Undercutting Themselves at Courthouse Foreclosure Auctions
This weekend’s open thread touched on one example of a bank bidding nearly 25% less than what it was owed for a foreclosed home at the courthouse auction. Well, our good friend Jillayne Schlicke over at Rain City Guide actually attended a foreclosure auction a week ago, and wrote up an interesting post on this…
Signs of the Times
I thought I’d lump a few “sign of the times” type of stories into a single post, since it gets old after a while constantly reading (and writing) posts that are basically just slight variations on the “the real estate market is slow” theme. Here’s another interesting piece from Kirsten Grind over at the Puget…