Our team has helped several clients attend and bid at auctions over the past few years. They rarely, if ever, live up to the hype, but they are always interesting to attend. The FDIC just announced an auction on October 22nd, that will among other properties, include Denver Luxury Foreclosures.
It’s rare to see the FDIC conducting a property auction, and there will only be about 20 properties up for bid at this auction. The properties will range from commercial lots to a small technical school to Denver Luxury homes.
From The Denver Business Journal:
The Federal Deposit Insurance Corp. said Monday it will auction off about 20 properties, most of which are in the metro Denver area, on Oct. 22.
Properties include office buildings, a luxury home, former bank branches, a small shopping center in Arapahoe County and a former technical school.
Marietta, Ga.-based John Dixon & Associates is managing the sales, which will include an option to bid online.
A Denver luxury home at 159 S. Dexter St., built in 2009, will be one of the properties for sale. The school, 42,992-square-feet large, is located at 1198 Boston Ave., Longmont.
If you are interested in finding Denver luxury foreclosures, auctions are usually not the best bet. Our team can help you bid on and negotiate with many of the banks that have these luxury homes available. Give us a call at 303-726-1874 to learn more about the options you have.
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