All Are Homes in Foreclosure, All Are To Be Sold as Cash Purchases
By Linda Collins
Brooklyn Daily Eagle
MANHATTAN — An auction at the Jacob K. Javits Convention Center Galleria on Sunday, March 8, will include 11 Brooklyn properties out of 200 citywide and 375 total, inlcuding Westchester, Long Island and New Jersey.
All are foreclosed homes and must be sold as cash purchases only, according to the auctioneer, Real Estate Disposition Co. LLC (REDC), operating as U.S. Home Auction (www.USHomeAuction.com).
Pictured at left is one of the Brooklyn properties that is on the auction block — a vacant single-family home at 360 E. 32nd St. in Sunset Park.
Built in 1925, it has seven rooms, including four bedrooms, plus two baths in 1,344 square feet.
The starting bid will be $129,000, according to documents, which state that the home was previously valued at $536,880.
Those interested in this or another particular property may visit www.USHomeAuction.com and click on a link to browse all available documents related to that property.
Bidders are asked to bring the following:
— Cash or a cashier’s check in the minimum amount of $5,000 for the first purchase and in the minimum amount of $10,000 for each subsequent purchase.
— Pre-approved financing documents.
— Checkbook for covering the remainder of any required deposit.
— Valid picture I.D. issued by a government agency.
— Corporate, LLC, trust or partnership documents, if applicable.
Registration for the auction begins promptly at 8 a.m.; the auction will begin at 9:30 a.m.
The Javits Center is at 655 West 34th St. in Manhattan.
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© Brooklyn Daily Eagle 2009
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Just a reminder, though -- It’s not considered polite to paste the entire story on your blog. Most blogs post a summary or the first paragraph,( 40 words) then post a link to the rest of the story. That helps increase click-throughs for everyone, and minimizes copyright issues. So please keep posting, but not the entire article. arturc at att.net