Springfield auctions 29 properties

Springfield auctions 29 properties

There are 1 comment on the MassLive.com story from Feb 15, 2009, titled Springfield auctions 29 properties. In it, MassLive.com reports that:

"We're happy. We own it and now we can control what happens with it," Holbrook said.

Join the discussion below, or Read more at MassLive.com.

“RIP America: 1776 -2009”

Since: Nov 08

Naples, FL

#1 Feb 15, 2009
MassLive wrote:
One man who bid $5,000 and another who bid $6,000 said they hadn't realized the win came with the obligation of paying $186,000 in condominium fees owed to the city.

Flynn let both men drop out and restarted the bidding, with Holbrook's group the only bidder.

"I didn't want anybody to get hurt," Flynn said later.
What kind of idiot shows up at a real estate auction and bids on property without first doing their due diligence regarding liens and encumberances?

What kind of auctioneer lets a bidder WITHDRAW a bid due to failure to DO their due diligence?

You want to play real estate hotshot, you'd better be prepared for ANYTHING.

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