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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] For those that do sell at auction - anyone noticing %? Posted by The Short Sale Realtor on September 22, 2006 at 10:24 AM In Reply to: Re: Percentage of FMV paid at Auction these days? posted by Magic on September 21, 2006 at 4:11 PM Friend of mine had a Short Sale rejected by the bank recently. They had offers for a $440K purchase [bank would have to pay commissions, etc.] The property was on the market for 3 months and the BPO's all showed value not higher than $440K. The bank disagreed and the property went to sale recently. Apparently, some one at the auction also felt it was worth more and paid $470K cash (no commissions, etc.) Maybe the invenstor knew something the market hadn't noticed? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Friend of mine had a Short Sale rejected by the bank recently. They had offers for a $440K purchase [bank would have to pay commissions, etc.] The property was on the market for 3 months and the BPO's all showed value not higher than $440K. : The bank disagreed and the property went to sale recently. Apparently, some one at the auction also felt it was worth more and paid $470K cash (no commissions, etc.) Maybe the invenstor knew something the market hadn't noticed? Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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