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foreclosure: Today's Master Commissioner Sale - 01/26/09 07:30 PM
The master commissioner's sale was held today at the McCracken County Courthouse. There were probably 50 people in attendance. Of the many properties I listed in a previous blog here are a few highlighted properties that were sold.
1415 Madison St, lot, appraised at $2,500. Sold for $1,700 1424 Little Avenue, lot, appraised at $5,000. Sold for $3,450 934-936 North 10th Street, appraised for $110,000. Sold for $73,500 2069 Irvin Cobb Drive, former bar or nightclub, appraised at $240,000. Sold for $200,000. This property was previously listed by a couple of in-town agents at a price between $650,000 to $775,000 1724 Monroe, … (0 comments)
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foreclosure: Court House Auctions January 26 at 1:30pm - 01/18/09 10:40 PM
Many visitors to my web site enjoy checking the foreclosures page on a routine basis. The master commissioner has auctions on the last Monday of each month inside the court house at the bottom of the stairway. A notice is placed in the Paducah Sun on the second Friday of each month listing the properties to be auctioned. The same list is also on display in the hallway near where the auction is held.
Generally, any bank lender foreclosures that are held are purchased back by the lender. These autions are usually not purchased by auction visitors. There are properties to … (1 comments)
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foreclosure: Online Real Estate Auctions - 11/18/08 02:11 PM
I haven't seen this before in my area. It has come to the attention of several other people in my area as well.
There are these little yellow signs, similar to the one here, in my neighborhood. They are advertising an online auction for a home that was foreclosed on. This particular home is a 3BR, 1BA, 1,100 sqft home that was sold a couple of years ago for $54,000. The home appears to be in good condition.
The company holding the auction advertises it as an online only auction. Their name is Williams and Williams Real Estate Auctions (www.WilliamsAuction.com). You must go to … (2 comments)
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foreclosure: Master Commissioners Sale - 11/08/08 09:54 AM
On November 24 at 1:30pm the McCracken County Master Commission will hold another monthly auction. The following properties are to be included in this month's round. The auction is held inside the courthouse at the foot of the steps.
3141 Broadway (Paducah's old Coke plant), to recover costs of $1,260,802.77 201 & 217 Glenn St, to recover costs of $1,002,084.21 7260 McNeil-Alsip Road, to recover costs of $167,336.52 2902 Clark St, to recover costs of $71,427.83 8825 Old Mayfield Road in Boaz, to recover costs $66,720.17 2701 Madison St, to recover costs of $46,747.10 290 Alben Barkley Dr, to recover costs of $106,069.54 … (1 comments)
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foreclosure: Master Commissioner's Sale - 08/25/08 10:11 PM
Today I went to the McCracken County Master Commissioner's Sale. It was held at 1:30pm inside the courthouse at the steps going upstairs. This was my first time attending one of these so when I had always heard someone saying "courthouse steps" I always thought they meant outside. Turns out it's inside.
Up for auction today were 11 properties. Four properties were removed from the list as a sale or something had enabled their removal from the list. Properties ranged from around $23,000 to $229,000. There were probably 30 to 40 people there. I noticed a couple of other agents there. I … (7 comments)
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foreclosure: Courthouse Auctions - 08/17/08 01:46 PM
I've always wanted to attend one of these so I know the who, where, what and such. On August 25th at 1:30pm, two McCracken County special commissioners will hold special auctions at the courhouse to auction off real estate that has been foreclosed on. The properties are valued anywhere from $24,000 to $229,000 and come from a variety of lenders. Monies received will be used to satisfy judgements for the properties, late fees, interest charges, plantiff costs, attorney fees and other legal fees.
… (1 comments)
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foreclosure: Living Standards? What are those? - 08/08/08 02:11 PM
During my lunch break today I toured a home that was placed on the market yesterday. This home is a couple properties over from my own house. I considered purchasing it a couple of years ago. The home was in too bad of condition for me to purchase it and make repairs at that time. I was also interested in it for the reason of purchasing the property between my lot and that lot so I could clear the trees off and make my front yard much larger and add more value to my property.
Shortly after I didn't buy it 2 … (1 comments)
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foreclosure: Negative Equity? - 06/26/08 02:34 PM
I'm sure not many people have ever heard the term "negative equity". Let's discuss what it means to me.
I'm told, and from what I read quite frequently, that many people in states like Florida and California are finding themselves "upside down" in their mortgage. The term "upside down" means they owe more on their home than what it's worth because they paid an amount higher than what it's currently worth. Upside down sort of means you have "negative equity".
Positive equity, good. Negative equity, bad.
Being upside down isn't typically a problem unless the home owner has a rising "adjustable rate … (1 comments)
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Bill Dunn
Paducah,
KY
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Elite Realty Group
Address: 4645 Village Square Drive, Suite 157, Paducah, KY, 42001
Office Phone: (270) 444-6522
Cell Phone: (270) 994-3749
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