Real Estate Auctions Picking up in Orlando
Friday, September 21st, 2007
IDX Realty is having an auction of $100 million worth of property on October 6, 2007 at the DoubleTree Suites Hotel in Orlando from 11am - 6pm. Find out more on their website, or on the Orlando Sentinel.
The properties for sale range from vacant land and commercial buildings to multimillion dollar estate homes.More than 60 properties, in Florida, Georgia, North Carolina and New Jersey, are being sold by investors, builders with too much inventory, lenders with foreclosed-upon assets, Realtors, and regular homeowners who need to liquidate assets.
Condo Metropolis reports 40 condos were sold at auction in the Lake Mary.
The day saw some great and some not so great deals. One lucky bidder was able to grab a town home which was left by accident on the offer board at a lower price, while one lady who couldn’t make up her mind fast enough on a bid and ended up paying $18,000 more simply on a time rule technicality. I don’t think she even realized what had happened.
