Tuesday, September 1, 2009
According to Paul Rogers "Auctions of bank foreclosures can be the best deal for a consumer."
A lot of these banks were sitting on these bad deals and hoping these things were going to turn around, and now they realize the problems aren't going to go away," Rogers says. "They want to structure these deals so the properties and the problems go away."
According to Michael Fine, executive vice president of auction firm Sheldon Good & Co - " Property auctions are likely to heat up this fall as winter nears and foreclosure moratoriums expire. "
A lot of these banks were sitting on these bad deals and hoping these things were going to turn around, and now they realize the problems aren't going to go away," Rogers says. "They want to structure these deals so the properties and the problems go away."
According to Michael Fine, executive vice president of auction firm Sheldon Good & Co - " Property auctions are likely to heat up this fall as winter nears and foreclosure moratoriums expire. "



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