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It was conceptualized to hold auctions for high-priced real estate between a seller and a group of buyers. Local real estate agents receive 5-6 percent sales commission and Concierge Auctions charges 12 percent to buyers. Auctions range from $2 million to $100 million, but have an average of about $4 million. [10]
Court auction is an auction which takes place at a public location designated by the court. If a property owner fails to pay the mortgage, the mortgage holder can foreclose on that property. If the owner is unable to make sufficient payments, the property can be sold at auction. The time and place of the auction is published in official records ...
A HUD auction is a form of foreclosure auction except the original lender was a federal agency instead of a private lender. The United States Department of Housing and Urban Development (HUD), is the insurer of loans made through a variety of government programs, particularly FHA loans .
An estate agent conducting an auction of real estate in Melbourne, Victoria, Australia In some countries, such as Australia , auctioning is a common method for the sale of real estate . Auctions were traditionally used as an alternative to the private sale/treaty method to sell property that, due to their unique characteristics, were difficult ...
McKnight contains Massachusetts' largest array of Victorian houses outside of Greater Boston. [2] The neighborhood's 900 ornate homes are part of a district listed on the National Register of Historic Places. Much of its western half is also a local historic district, the second largest of Springfield's six historic districts. [1] [3]
The McKnights began to develop the area, which had previously been mainly farmland, in 1870 with the purchase of a 22 acres (8.9 ha) parcel on which they and a partner built their own homes. They proceeded over the following years to acquire additional parcels of land in the area, plat out roads, and either build houses themselves, or sell ...
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