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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] NC Auctions Posted by SeanW on April 11, 2003 at 11:40 AM I found the auctioneers' spot today and watched. The Mecklenburg auctions are indoors, in the superior court lobby. It looks like a "normal" market, not like CA has been. Only a handful of attendees, and most of those were just observers. I saw only one house get bought in an hour. Everything else went back to the banks. Probably thousands of dollars of equity disappearing, right in front of me... The trustees just need 5% up front and the balance in 30 days. That's helpful-- no need to pull and redeposit a stack of unused checks. Also, the notices of sale are published in a tiny community weekly. The trustees must not want to bother with the expense of the daily paper. (I guess that meets the letter of the law, if not it's spirit!) Gonna be back the courthouse first thing Monday to start my recorder's office training. I was told it could take "a few weeks" to get the hang of it. If I understand right, they have two computer subsystems just in the leins area. One for 1995+, another for 1990-1995, and then you have to use the books for pre-1990. Excellent! Ward says Bad Is Good. How many of my competitors would bother? Follow Ups: Hey, I'm impressed.. Ward-CA- 1:00 PM, 04/11/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I found the auctioneers' spot today and watched. The Mecklenburg auctions are indoors, in the superior court lobby. : It looks like a "normal" market, not like CA has been. Only a handful of attendees, and most of those were just observers. I saw only one house get bought in an hour. Everything else went back to the banks. Probably thousands of dollars of equity disappearing, right in front of me... : The trustees just need 5% up front and the balance in 30 days. That's helpful-- no need to pull and redeposit a stack of unused checks. : Also, the notices of sale are published in a tiny community weekly. The trustees must not want to bother with the expense of the daily paper. (I guess that meets the letter of the law, if not it's spirit!) : Gonna be back the courthouse first thing Monday to start my recorder's office training. I was told it could take "a few weeks" to get the hang of it. If I understand right, they have two computer subsystems just in the leins area. One for 1995+, another for 1990-1995, and then you have to use the books for pre-1990. : Excellent! Ward says Bad Is Good. How many of my competitors would bother? 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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