The main costs associated with holding land are property taxes, liability insurance and, if you are holding a mortgage, principle and interest charges.
As the fallout from the Great Recession continues, auctions are becoming an increasingly popular route for lenders to unload distressed commercial properties.
About relevant real estate topics, tweeting auction updates and market trends on Twitter, dialoging on Facebook with fans and hosting instructional and informational videos on Youtube.
The national, 30-year fixed-mortgage rate (FRM) slightly decreased from a week earlier, setting a new record low average of 4.26%, according to the Zillow Mortgage Marketplace weekly update.
I had to opportunity to check out the REDC auction today with one of my clients. I have been curious about these auctions for quite a while, but honestly had a skeptical attitude after ready so many bad reviews. So what did I find out at the auction? Did