The answer, surprisingly enough, is yes and no. In order to explain this further we need to talk about the different types of personal bankruptcy a homeowner can file, how they work and how it could affect your position as an investor.
Auction.com Puts $154 Million In Commercial on the Block
In news from Irvine, California, Auction.com is auctioning off some $154 million in commercial real estate notes on their online real estate auction portal. Online bidding begins August 15th at 10 am PDT, according to the news. RealtyBizNews takes a look at a massive online auction, and the offering platform.
New Orleans to Auction Katrina-Damaged Properties
Several properties in New Orleans are scheduled to hit the auction block this weekend as part of a recovery effort to reclaim real estate damaged by Hurricane Katrina in 2005. 94 properties in 27 neighborhoods throughout New Orleans will be up for sale. Of the 94 homes, at least 20 are vacant, and most are
High Profile Chicago Developments up for Auction
One of Chicago’s largest and most high-profile land developments at Roosevelt Road and the Chicago River will be up for auction soon. The highly-prized 5+ acre development has 837 feet of riverfront property and 216 feet of frontage on Roosevelt Road. It neighbors many of Chicago’s great attractions, such as Soldier Field, the Museum Campus, and the University of Illinois/Chicago (UIC).
Realty Trac: Foreclosures Decreased in 2010
Realty Trac, a website that serves as an open online marketplace for foreclosure purchases, announced its fourth quarter foreclosure sales report for 2010, revealing that the number of foreclosures actually decreased in 2010 but still accounted for 26 percent of all residential sales. In 2009, the percentage was 29.