Bargain houses largely unsold
Courthouse-step auctions offer 1,336 properties in foreclosure -- 17 are sold
By J.N. SBRANTI
jnsbranti@modbee.com
last updated: December 15, 2007 04:23:07 PM
Another foreclosure record was set in November as 1,336 properties were offered to the highest bidder on the courthouse steps in Modesto, Merced and Stockton.
Now here's the real surprise: Only 17 of them sold, despite lenders offering deeply discounted prices.
....
Many of the foreclosed houses in Stanislaus, San Joaquin and Merced counties, however, are being discounted by $100,000 or more, O'Toole said.
Read more here
Courthouse-step auctions offer 1,336 properties in foreclosure -- 17 are sold
By J.N. SBRANTI
jnsbranti@modbee.com
last updated: December 15, 2007 04:23:07 PM
Another foreclosure record was set in November as 1,336 properties were offered to the highest bidder on the courthouse steps in Modesto, Merced and Stockton.
Now here's the real surprise: Only 17 of them sold, despite lenders offering deeply discounted prices.
....
Many of the foreclosed houses in Stanislaus, San Joaquin and Merced counties, however, are being discounted by $100,000 or more, O'Toole said.
Read more here
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