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Re: Auctioned off today in norwalkIn Reply to: Auctioned off today in norwalk posted by Cyrus on October 04, 2006 at 11:36 PM : this is just the 10:30 a.m. sale : Half REO'd : Address City Min Bid Status : 10901 Zelzah Avenue Granada Hills $548,129.91 Sold Wow, that's alot of sales. When I use to bid on TD Sales a couple of years ago, maybe one or two would be sold. The big question is will these investors make money off them. Faith St in West Covina actually has a $500K comp from May. However, with the decline in the market I wouldn't be shocked if when in comes time to sell the price adjusts downward to $460 - $485K. Add your rehab, holding costs and sales costs. We're probably looking at $30 - $40K profit, not bad.
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