Tidal wave of foreclosures scheduled to be auctioned off
July 30th, 2009
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On any given Monday there are approximately 400-450 homes scheduled for Friday’s foreclosure auction on the King County Courthouse steps. On the 2nd Friday of September there are over 1100 scheduled! There will not be enough investors and some of the homes will sell for $1.00 over minimum bid. Not to say this is the last time we will see this volume but it is certainly worth sitting up and taking notice. The banks are finally cutting some of these properties loose. If you are looking to build up your rental portfolio, this is an excellent opportunity. If you need help financing a property at the auction, we have some resources. Give us a call.
