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#3433604 - 11/03/13 12:14 PM Re: Real Estate Auction Question [Re: smstone22]
Inkstainz
14 Point


Registered: 08/23/12
Posts: 7707
Loc: Memphis, Tennessee

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That would stink to lose it after you had the joy of thinking you won it
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#3433617 - 11/03/13 12:26 PM Re: Real Estate Auction Question [Re: Inkstainz]
plinker22
16 Point


Registered: 02/07/05
Posts: 12880
Loc: Mountians of East Tennessee

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 Originally Posted By: Inkstainz
That would stink to lose it after you had the joy of thinking you won it


It does. Happened to me once. I won the bidding and then someone combined after the sale. \:\( Bummer!
_________________________
NOTICE: The party in Hell has been canceled due to Fire!

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#3436609 - 11/04/13 10:08 PM Re: Real Estate Auction Question [Re: plinker22]
pass-thru
10 Point


Registered: 10/10/04
Posts: 3628
Loc: va beach

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Nobody will know what they really one for a few days, so it seems. They got it busted into 13 lots. A few of those are tiney with buildings.

First they will take bids by acre, and high bidder can buy up as many lots as he wants at that price, then down the line.

Then they will do two combos, on the lots they just took bids on. Two days later they will accept or reject bids, depending on what brings the most and who makes the down payment.

I guess they're trying to do whatever it takes to get the creditors paid.

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