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Bank Liquidation Open House in West Seattle, Washington
 
Bank Liquidation Open House in West Seattle, Washington I did an open house two days in a row, for 5 hours each day.Here is how the story goes.My friend Dean Orrico got a bank owned listing. It had been for sale, but nobody bought it. It went to foreclosure auction and no investor bought it there. So the bank took it over.They got it ready to sell, and listed it with Dean at a price of $379,000. He had done a good job of promoting it, but it was still for sale, despite several price drops.He gets the second most dreaded notice a real estate agent can get on a bank owned  property. Do three open houses in a row, not to benefit YOU, but to benefit US. The property is going to be sold at a public liquidation auction.Great! More work. No money. Got to love that one, right?(The most dreaded notice is, “The asset is being reassigned” Translation, despite all your hard work, the house has not sold and we are jerking it away from you and giving it to one of your competitors.)Dean emailed me. “We are having a family gathering this week-end. I am playing guitar ... more

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