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March 09, 2007

15 minutes left before Auction!

50_24_206_street 50-24 206 Street, Bayside Ny 11364

This property is the next to be auctioned off.  The upset price is $537,519.00. 

Where:  Queens County Courthouse, 88-11 Sutphin Blvd., Jamaica, New York, in Courtroom 25.

Don't be surprised if this house goes for more than $700,000.  I suspect that the banks will push the bidding upward. 

Here is the thing.  After this property is auctioned the previous owner gets zero, zilch,nada and a huge FORECLOSED action on their credit report.  IF the seller would have contacted me a month ago, I could have sold this property, stopped the foreclosure and put some coin in his pocket.  WHY was this left to be auctioned? 

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