The Forclosure Auction

It seems that there is a lot of buzz on the foreclosures in the area. Well I decided to check it out.
On Sunday I went to the Mlps convention center to see what this was all about. It was very interesting to say the least. You would think that people would get a steal on these properties, however I did find out that most houses sell at there value. Value is defined as the price a willing buyer will pay. By the time the house was purchased and a 5% fee added plus buyers paying closing costs it wasn't much different than any house you can buy on the market today. Of course there were some bargains, but these same house would be a bargain on the regular market. As at any Auction it is the hype that get people going. It was fun and interesting, if you want to know more just call Me.

Sincerely,
-Mary