Sold Out
How do you find out whether or not a foreclosed house sold at auction?
The house was advertised to go to auction on July 17. We can’t find out whether or not it sold. We don’t know the auction company that had it. How do we find out if it sold and what the next steps are?
Hi Teresa,
Which auction? When you talk about a foreclosure – do you mean the sheriffs sale ( at the courthouse steps)? or was it sold by the Bank through a auction house?
Ok, if you are talking about the auction at the courthouse steps – it definetly sold because the bank has an automatic bid for the amount that is owed to it. Depending on your area of the country – the bank usually has the highest bid and gets the house back after the redemption period is over.
If it was an auction company like hudson and marshall or williams and williams – then it was probably sold because these auctions are usually “absolute” meaning highest bidder wins regardless of amount, however, sometimes the bank says “no” and then they relist with a realtor. Alot depends on the houses actual Value.
If you are working with a realtor they can look and find out for you.
Good luck
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Dollar General Stores Sold
Tampa, FL – Calkain Companies, a national real estate investment brokerage firm, has procured the sale of two (2) net lease investments in North Carolina consisting of Dollar General stores located in Hollister and Rich Square, NC. Both sites were purchased by the same investment group.
David Sobelman, Vice President of Calkain Realty Advisors, the private market division of Calkain Companies, represented the seller, a NC based developer, in the transaction. Totaling roughly $1,150,000, the assets were sold as a portfolio to an investment group completing a 1031 tax deferred exchange.
“North Carolina investments are sought out by many public and private investors due to the state’s demographic growth,” explained Sobelman. “The influx of interest in the area is palpable,” Sobelman continued.
Calkain Companies, Inc. is a national, commercial real estate firm, focusing on net lease invesments, that provides brokerage and consulting services for both private and institutional clientele. The Company is comprised of four distinct divisions, Calkain Realty Advisors, Calkain Institutional Advisors, Calkain Opportunity Services and Calkain Site Services. We have utilized an extended network of solid relationships to successfully complete nearly $3 billion in sales and have consistently ranked as One of the Top National Net Lease Investment Brokerage Firms. Core values such as integrity, honesty and innovation have helped secure our position as a leader within the net lease industry.
Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial, and office net leased transactions. Calkain has offices in Reston, VA (Washington, DC), Tampa, FL, and McHenry, MD.
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