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Will more foreclosures be auctioned?

In the past several years auctions have been a growing phenomenon in Ohio. A big reason is there are more motivated sellers then ever in this market and people are looking for new and creative ways to get their home sold. Also banks have increasing inventory that must be liquidated. A higher percentage of buyers are paying cash for properties as well which is an encouraged buying method for auctions.

However a little while ago I ran accrossed this article in the Cleveland.com about a kind of real estate listing/ real estate auction hybrid. I thought the readers of my blog might appreciate this information.

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Andy Morris is an Ohio real estate broker with an expertise in selling homes on a short sale. If your Ohio home is heading towards foreclosure or you owe more than your property is worth, please call Andy at 888-4-STOP-IT to see if you qualify for a short sale with your lender.

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