Bargain Houses Largely Unsold - Courthouse-Step Auctions Offer 1,336 Properties In Foreclosure – 17 Are Sold

Bargain houses largely unsold - Courthouse-step auctions offer 1,336 properties in foreclosure -- 17 are sold


Another foreclosure record was set in November as 1,336 properties were offered to the highest bidder on the courthouse steps in Modesto, Merced and Stockton. Now here's the real surprise: Only 17 of them sold, despite lenders offering deeply discounted prices.

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