Auctioneer Real Estate Disposition has scored a Hamptons beach house foreclosure auction. The 3,000-square-foot Montauk home will hit the block next week, according to the Wall Street Journal, in a region that has remained relatively immune from the foreclosure crisis. The three-bedroom, four-bathroom home was sold for $1.28 million in 2006 and has a starting bid of $379,000. This is the auction company’s first Hamptons-area foreclosure listing, according to a spokesperson, out of the more than 27,500 properties auctioned so far this year across the country. [WSJ]
Posts Tagged ‘real estate disposition’
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Real Estate Disposition, which held a real estate auction in Manhattan
in March, will hold another auction this Sunday at the Grand Hyatt New
York. More than 150 homes will be sold to the highest bidder registered
on the company’s Web site, Auction.com. In March, 207 homes were sold
for a total of $18.6 million. As of last week, there were 1,675
attendees registered for Sunday’s auction. The company will likely hold
another New York City auction before the end of the summer. The Real
Deal attended a Manhattan property auction for a recent Webcast. [more]
