CHICAGO, IL/PRNewswire/ -- Rick Levin & Associates, Inc., the real estate auction marketing firm, announced it will conduct a multiple-property auction of lender-owned foreclosed homes in southwest Florida. The auction will take place at 7 p.m. August 5, 2008, at the Ambassador Riverfront Hotel located at 2500 Edwards Drive in Fort Myers, Florida.
"Because lenders are in the business of lending money and not owning property, this national lender has partnered with us to sell these foreclosed properties.
"The lender is very motivated to sell these properties now as they want them off of their books as soon as possible," said Rick Levin, president of Rick Levin & Associates, Inc. "This is a one-day only opportunity for anyone, including first and second home buyers and bargain-seeking investors, to purchase any of these properties at substantial discounts from their original prices," he continued.Many of the properties are located in Lehigh Acres and Cape Coral with some located in Ft. Myers and Alva. Most of the homes are new construction and most have 3 bedrooms and 2 baths.
The pro
perties were previously priced up to $329,000 and have suggested opening bids starting at $55,000.
perties were previously priced up to $329,000 and have suggested opening bids starting at $55,000.Ten properties will be sold absolute, regardless of price. A cashier's check in the amount of $5,000 is required to bid. The broker co-op for participating brokers is 4%.
The August 5th auction will be conducted in conjunction with Rob Nord, licensed FL auctioneer #AU3574, JL Todd Auction Company License #AB249 and Thomas J Tarpley, FL license #AU40.
For the complete list of auction properties and terms of sales, interested parties should call Rick Levin & Associates, Inc. at 866-655-4500, or visit their Website at http://www.ricklevin.com/.
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