Thursday, October 15, 2009

Any interest in a 7 bed home at $7,000?

At foreclosure auctions, broken dreams on sale

It is an open question whether the auctions indicate that the U.S. real-estate market is recuperating or is still in intensive care. Saddled with swollen portfolios of foreclosed and unsold properties in the housing crisis, U.S. lenders and builders are turning to professional auctioneers to help them unload the unwanted real estate in a hurry.

Posted by mander @ 05:37 PM (783 views)
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2 thoughts on “Any interest in a 7 bed home at $7,000?

  • I’m moving to america…

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  • gone-to-colombia says:

    Wow, it could happen in the UK if all the aid to those facing foreclosure are removed.

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