Logan Martin Lake Topics: Thanks for the report!
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Name:   roswellric The author of this post is registered as a member - Email Member
Subject:   Thanks for the report!
Date:   3/20/2012 10:10:50 PM

That was a really great job of reporting. I have a few of observations;

1. King was handcuffed by the bank and obviously frustrated. They didn't make any money beyond overhead.
2. The homes & lots were not premium and couldn't command premium bids.
3 The bank is suffering from the recent takeover by outsiders and is out of touch.
4. Buyers here don't think this is a bottom. I think they are wrong but this auction didn't help things.

Overall this was a negative event for Lake Martin.I hate that. I think the bank is the biggest culprit but the auctioneers helped. I hope this doesn't happen again. It probably won't. It was a perfect storm.
Other messages in this thread:View Entire Thread
My full report: Water's Edge auction results - John C - 3/20/2012 4:57:20 PM
     My full report: Water's Edge auction results - Talullahhound - 3/20/2012 5:39:01 PM
     My full report: Water's Edge auction results - UncleSam - 3/20/2012 5:43:39 PM
     My full report: Water's Edge auction results - lakeguy - 3/20/2012 6:13:46 PM
          My full report: Water's Edge auction results - CAT BOAT - 3/20/2012 6:37:22 PM
               Hey Cat - John C - 3/20/2012 6:55:05 PM
                    Hey Cat - CAT BOAT - 3/21/2012 9:18:36 AM
               CAT.... - roswellric - 3/20/2012 10:13:18 PM
                    CAT.... - CAT BOAT - 3/21/2012 9:19:32 AM
     My full report: Water's Edge auction results - Maverick - 3/20/2012 7:48:04 PM
     My full report: Water's Edge auction results - Samdog - 3/20/2012 8:19:33 PM
          you didn't have to pay to bid - John C - 3/20/2012 9:16:37 PM
     My full report: Water's Edge auction results - Ulysses E. McGill - 3/20/2012 8:41:49 PM
     My full report: Water's Edge auction results - lakngulf - 3/20/2012 9:32:11 PM
          Ha!! - John C - 3/20/2012 9:54:47 PM
               Ha!! - CAT BOAT - 3/21/2012 9:22:12 AM
     Thanks for the report! - roswellric - 3/20/2012 10:10:50 PM
     My full report: Water's Edge auction results - Talullahhound - 3/21/2012 9:00:53 AM


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