Friday, September 26, 2008

Fun at the foreclosure sale (Missed the actual buyers because I can't seem to use my iPhone - what a dummy)
IRS auctioneer (in blue suit)


Crowd of non-buyers disperses, counting its blessings.

5 comments:

Anonymous said...

2.5 million for 5 back country acres is a steal! Forget the house - the land alone is worth much more than that. The buyer is a lucky man - a lucky man he is!

Chris Fountain said...

Well, no one else agreed with you other than the Arizona bidder. But sure, in 5 years or so it will look like a good buy.

Anonymous said...

How did the auction work and what was the winning price?

cw said...

What was the procedure for the auction and do you know what the house went for?

Chris Fountain said...

More details tomorrow when I have a keyboard but there were 4 bidders registered and only one who actually bid. He bid the minimum (2.5 million) after five minutes of cajoling from the auctioneer. Everyone else declined the auctioneer's invitation to bid higher and, about 10 minutes after it started, the auction ended and the house was declared sold.