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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Video Clip -- Auctioneer Foreclosing Homes, No One Listening Posted by TJ on April 30, 2008 at 2:33 PM In Reply to: Video Clip -- Auctioneer Foreclosing Homes, No One Listening posted by Cyrus on April 29, 2008 at 5:32 PM : Market is accelerating its fall and the Norwalk auction was crazy today with some NOS's getting slashed by 45% and still no one caring. : This is kinda funny but sad clip. Please watch, rate and comment on youtube. : Dedicated to the folks on this forum. In fact you hear someone mentioning tis forum on the clip. : http://www.youtube.com/watch?v=hps9Y6Xih0k : : thanks! The same thing happened in Orange County (CA) last week. Just me and one other observer. The auctioneer said it has been this way for quite a while now. The other "observer" at the sale said he spoke with some of the pros at a sale a few weeks prior and they knew several guys who purchased at the Trustee sales 6 months before and got burned, so probably weren't coming back any time soon. There were no deals on the day I went, although a junior was foreclosing for $32k and I was curious to see if someone would bid due to the low amount. Several were reduced at the opening bid, but not enough to make a good deal. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Market is accelerating its fall and the Norwalk auction was crazy today with some NOS's getting slashed by 45% and still no one caring. : : This is kinda funny but sad clip. Please watch, rate and comment on youtube. : : Dedicated to the folks on this forum. In fact you hear someone mentioning tis forum on the clip. : : http://www.youtube.com/watch?v=hps9Y6Xih0k : : : : thanks! : The same thing happened in Orange County (CA) last week. Just me and one other observer. The auctioneer said it has been this way for quite a while now. The other "observer" at the sale said he spoke with some of the pros at a sale a few weeks prior and they knew several guys who purchased at the Trustee sales 6 months before and got burned, so probably weren't coming back any time soon. There were no deals on the day I went, although a junior was foreclosing for $32k and I was curious to see if someone would bid due to the low amount. Several were reduced at the opening bid, but not enough to make a good deal. [ 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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