Auction action: Big real estate auctions this weekend
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The auction schedule is heating up -- there are several big real estate auctions scheduled this weekend. Details:
On Saturday at the Pomona Fairplex, Catalist Homes and DoveBid will auction 75 homes. You can see the inventory here. Registration opens at 8:30 a.m., the bidding starts at 10 a.m. Coverage note: It’s likely I’ll cover this auction. If you are heading to Pomona on Saturday to bid, I’d like to talk. Shoot me an e-mail at peter.viles@latimes.com.
Sample listing from the Pomona auction:
37701 Janus Drive, Palmdale 93550--4 bedrooms, 2 baths, 1,498 square feet, built in 1988.--Sold in April 2005 for $276,000 (Source: PropertyShark.com); currently listed for $225,000; starting bid is $112,500.
Also this weekend: Kennedy Wilson of Beverly Hills is holding a ‘massive inventory clearance auction’ for over 120 bank-owned homes and condos. Starting bids are as low as $35,000, and when you look at the homes you’ll understand why. $35,000 is the opening bid for a vacant, 980-square foot home in Barstow. The fun starts Sunday, March 16, at 11 a.m. in Ontario.
Your thoughts? Comments? If you’re heading to Pomona to bid this weekend, shoot me an e-mail at peter.viles@latimes.com.
Photo Credit: AFP/Getty Images