Tuesday, March 18, 2008
Homes all across Florida are going up for auction, many with no reserve, reflecting an increasingly desperate real estate market. More than 50 condominiums and brownstones will be up for auction at the Village of Wilton Station in Wilton Manors on March 28. At least 10 of the units up for auction are to be sold with no reserve, advertisements for the auction say. That means there is no minimum price the home must be sold for. One of the Florida developers is taking up auctions online.
More than 3,000 acres of land in the Florida Panhandle are auction off through internet. Some of the properties for auctions include, 3,000 acres of recreational property in Gadsden County near Tallahassee; Sabel Island, 56 acres in Port St. Joe, with plans in place for an 18-lot residential subdivision; and Brewton Lane, 29.5 acres in Bay County near Panama City which is residentially zoned for 50 to 60 lots.
posted by nisha
@ 11:11 PM
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