The house on sturdivant creek of co road 40 is suppose to be auctioned by countrywide. It originally sold for $416 and they put $75 in it and it was listed for $368. I will be curious to see what it goes for. It has an enclosed boathouse with lift.
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| Name: |
WAKINitUP!!
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| Subject: |
Home to be Auctioned
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Date:
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7/29/2008 10:18:15 AM
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I attended an auction Saturday of a home at Wind Creek Farms on the lake done by Deanco Auction. The highest bid was $300,000 and I don't think the owners are gonna sell.
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This one is being done by the bank as a foreclosure. Countrywide. You can find the info. on country wide's web site. I think First Realty is the realtor.
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| Name: |
John C
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| Subject: |
Recent Auction Results here
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Date:
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7/29/2008 1:22:33 PM
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I list the results of 2 recent auctions on my blog, linked below.
Also, I ask the question, why haven't the recent home auctions worked? I have my own opinion, but I am really curious as to what other folks think. If interested, please click on the link and chime in.
URL: Guess What? Nothing Happened At Lake Martin Auctions
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| Name: |
Council Roc Doc
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| Subject: |
That ten per cent
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Date:
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7/29/2008 4:30:59 PM
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auction commission would be enough to drive me away.
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| Name: |
DaBurglar
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| Subject: |
That ten per cent
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Date:
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7/29/2008 5:23:04 PM
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Maybe the propagranda that gets spewed all over the Outlook just is`nt working anymore. Try charging an additional 2 or 3% and maybe that will work. Works for someone else doesnt it?
Sorry just my personal view.
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I didn't see anything on the countrywide website about the 10%. Is that the standard? or is that just with the last home auctions on the lake by an auction company? I guess you just bid 10% less!
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| Name: |
Swimmer27
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| Subject: |
That ten per cent?
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Date:
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7/29/2008 6:30:47 PM
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I don't think the 10% applies to foreclosure auctions that are held on the courthouse steps. The mortgage company hires a 'crier' for a set fee, usually a few hundred dollars. I would think that the auctioneers would be willing to work on the same 5% you can get a realtor to accept. Last time I calculated it, 10% of nothing is nothing. Does anyone know if they get a fee even in a 'no sale' case or do they just have to eat the advertising expenses and such?
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| Name: |
Harborcon
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| Subject: |
That ten per cent?
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Date:
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7/30/2008 11:47:27 AM
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I don't know about foreclosures, but it is my understanding (from a Dadeville attorney) that any "courthouse steps" auction yeilds 10% to the attorney filing for the sale, by statute; and that fee is off the top, before the owner get the net proceeds (after other costs of sale).
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| Name: |
Kizma Anuice
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| Subject: |
terms and conditions 5%
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Date:
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7/30/2008 12:42:41 PM
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5% Buyers fee according to the terms and conditions on auction web site.
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| Name: |
Swimmer27
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| Subject: |
That ten per cent?
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Date:
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7/30/2008 2:52:41 PM
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Yea, I think you are right. The lawyer actually hires the crier. But like you said the 10% comes out of the sale price, not added on to the sale price.
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This home has a new septic system. new retaining wall, new roof, new addition of 3rd bedroom and bth, enclosed boathouse w/lift. 1 acre deeded. paved driveway with gate. That is all that I know so far. Might be a good rental property since it is so close to 280. Approximately 3 miles off 280.
Dock is made with 3/4 board and they are starting to warp. Yard could use a little T and L.
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