REAL ESTATE- Property Auctions
September 18 at 2:05pm at the Albemarle County Courthouse
Property: 4103 Fairway Drive, Keswick
Debtor: Fairway Drive LLC
Amount owing: $1.1 million
Bidder brings: $20,000 or 10 percent sale price
Info: Samuel I. White PC 757-457-1460
September 18 at 2:05pm at the Albemarle County Courthouse
Property: 1622 Hathaway Street
Debtor: Will Retzer and Lauren M. McNamara
Amount owing: $253,028
Bidder brings: $20,000 or 10 percent sale price
Info: Samuel I. White PC 757-457-1460
September 23 at 3pm at the Albemarle County Courthouse
Property: 4166 Longacre Farm Boulevard, Crozet
Debtor: Janet J. Pullen and William Preston Gentry
Amount owing: $500,000
Bidder brings: $10,000 or 10 percent sale price
Info: Nectar Projects 540-751-1260
September 23 at 3pm at the Albemarle County Courthouse
Property: 1756 Winterberry Court
Debtor: Matthew C. Maiers, Heather J. Maiers and L.Z. Peoples Jr.
Amount owing: $374,300
Bidder brings: $26,200 or 10 percent sale price
Info: Nectar Projects 540-751-1260
September 23 at 3:30pm at the Charlottesville Circuit Court
Property: 1005 Altavista Avenue
Debtor: Thomas R. Fussell Jr. and Audrey Fussell
Amount owing: $227,700
Bidder brings: $15,000 or 10 percent sale price
Info: Shapiro & Burson LLP 757-687-8777
September 23 at 3:45pm at the Albemarle County Courthouse
Property: 725 Horse Ridge Way, Earlysville
Debtor: Dennis Earl Shifflett
Amount owing: $140,625
Bidder brings: $10,000 or 10 percent sale price
Info: Samuel I. White PC 757-457-1460
September 23 at 3:45pm at the Albemarle County Courthouse
Property: 2025 Candlewyck Drive
Debtor: Lori A. Racine
Amount owing: $265,000
Bidder brings: $20,000 or 10 percent sale price
Info: Samuel I. White PC 757-457-1460
September 23 at 3:45pm at the Albemarle County Courthouse
Property: 175 Yellowstone Drive Unit 203
Debtor: Scott Flanders
Amount owing: $102,400
Bidder brings: $10,000 or 10 percent sale price
Info: Samuel I. White PC 757-457-1460
September 23 at 4pm at the Albemarle County Courthouse
Property: 2604 Commonwealth Drive
Debtor: David A. Lavan II and Yvonne A. Lavan
Amount owing: $228,000
Bidder brings: $15,000 or 10 percent sale price
Info: Shapiro & Burson LLP 757-687-8777
September 23 at 4pm at the Albemarle County Courthouse
Property: 135 Yellowstone Drive Unit 101
Debtor: Marc Diamond
Amount owing: $179,910
Bidder brings: $15,000 or 10 percent sale price
Info: Shapiro & Burson LLP 757-687-8777
September 24 at 10am at the Albemarle County Courthouse
Property: 2852 Morgantown Road
Debtor: Melody Dawn McNeill and Charles Eugene Swartz
Amount owing: $468,750
Bidder brings: $46,866.88 or 10 percent sale price
Info: Diann E. Green 301-490-3361
September 24 at 3pm at the Albemarle County Courthouse
Property: 5347 Brookwood Road
Debtor: Church Hill Development
Amount owing: unknown
Bidder brings: $15,000 or 10 percent sale price
Info: Phillip Wade, United Bank 434-951-6813
October 1 at 1:30pm at the Albemarle County Courthouse
Property: 4805 Mechums River Road, Crozet
Debtor: Susana Y. Andrada
Amount owing: $238,000
Bidder brings: 10 percent sale price or principal balance
Info: Bierman, Geesing & Ward 301-961-6555
October 1 at 1:31pm at the Albemarle County Courthouse
Property: 102 Dorset Court
Debtor: Donna Tirino
Amount owing: $192,800
Bidder brings: 10 percent sale price or principal balance
Info: Bierman, Geesing & Ward 301-961-6555
[This compilation was culled from published accounts of auctions scheduled by creditors. Such plans may change if the alleged debt is satisfied.]
#
5 comments
You know I read all of these real estate auctions. You will occasionally see me on the court room stairs and it seems that the banks tend to buy at their costs. Any one see anything different?
i am very want buy house.can you sent some REAL ESTATE- Property Auctions house for me?
Thanks
Xuefei Wang
After the banks "buy" the properties back, they typically resell them at 25-45% less than what they paid. And they use REALTORS (TM) from outside the Cville area to do so.
Why sell for less than they pay? Also, if they do that, why aren't there cheap houses readily available?
Any other sources of info on how and why that system manages to work that way?
The banks can write off the "loss". Since all major banks are now (or were recently) subsidized by the Federal Gov't--ever hear of TARP?--whether they wanted to be or not, AND the banks aren't in the position of being real estate owners or landlords, it's in their best interest to unload the property.
"why aren't there cheap houses readily available?"
What do you mean by "cheap"? "Cheap" is in the eye of the beholder.
Sales in this area are at a decade low and prices are following sales numbers down.