FORECLOSURE AUCTION UTAH: Ogden Real Estate Goes Back to Bank
Published On: February 21, 2020 Posted by: Jeremy Peterson
A foreclosure auction is not something we hear much about in the current real estate climate. However, recently a local real estate investor has been making big bets with other people’s money. It appears some of those bets are not paying off as planned and the lender could only tolerate non-payment for so long. We attended the recent foreclosure auction of two properties up for grabs: 529 30th St. and 2072 Monroe Blvd.
You can watch the fun as the bidding starts at $40,000 for each property. Ironically, a representative of the property owner was there to try to purchase the properties back for the owner for less than he borrowed against them! Good grief.
The foreclosure auction scene is an interesting one to watch. The trustee handled this one well and I am sure there will be more to come.
If you find yourself in a financial hardship and want to avoid a foreclosure auction, CONTACT ME, and I can show you how to make a painful situation an easier one.