CRR Blog

Winter Win! West LA Condo with over $100K in Equity... Bam!!!

On Wednesday 12/21/2016 a buyer at auction picked up a 3BR/3BA Condo.

The lender was owed $892,322...  But the property has a market value of $858,003 so they decided to drop the bid price and draw in a buyer.

Bidding started at $701,250... and there was someone ready and willing to pick up the property below market price.

They bid just one penny over.  Got it!  $701,250.01

I wonder if they stuck the auction receipt in someone's stocking....

1/2 a Million Dollars in Equity.... Enuf Said...

On 11/28/2016 a 5BR/4BA Classic 1920's Home with obvious modernization upgrades went to sale on Lucerne Blvd in Hancock Park.  Est Value over $2,000,000.00 and amount owed to lender in 1st position...  @ $1,900,000.00

Opening bid at auction...DROPPED!!!

Purchase Price by Bidder $1,443,000 !!!

As I said...  Enuf Said.

When will you start bidding?  How much of a discount makes sense to you?  Are you waiting for better times?

Join our webinars.  Those times are here... if you have the desire and the curiosity to find your deals!

<< December 2016 >>
Sun Mon Tue Wed Thu Fri Sat
  1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

recent posts


SimpleBlog 2.3 by  rss feed

Investment Clubs | Seminar Highlight Podcasts | Q&A with Kurt DeMeire

About Us

Affiliate Login | Affiliate sign up page


Foreclosure Processing

Privacy Policy

Trustee Sales Bidding Service login


Calendar of Upcoming Events

Property Search

Foreclosure 101

Company Profile

Terms of Use


Industry Terms & Definitions

Start a Foreclosure


Trustee Sales Field Trips

Free Resources / Links

Trustee Timeline

Contact Us

Foreclosure Basics Tutorial

Video Training


Register Now

Email Notifications

How to use this website

Terms Glossary



  Contact Us