Summer time is in full swing and it’s ‘California Dreaming’ for real estate investors looking to purchase REO property in Northern California. North Valley Bank has brought a portfolio containing a suggested value of nearly $13 million in multi-family lots, SFR lots, vacant land parcels, community development land, and office retail condos to online auction at www.FRE.com. Minimum bids can start as low as $125,000 and with properties located in Lake County, Nevada County, Siskiyou County, Sonoma County, and Tehama County, you’ll be sure to find assets that fit your investment strategy.
Though the portfolio’s properties are located in various parts of northern California, the online auction represents multiple investment opportunities for builders, developers and real estate investors to conveniently purchase bank-owned propertythrough a transparent, fair and open bidding platform. Each auction profile page contains all of the essential due diligence materials so bidders can view all of property details, photos, auction documents, escrow information, and property specific documents from anywhere in the world.
Check out all of the auction properties at www.FRE.com before the bid deadline of August 11th at 5:00pm PDT.
Good news! The online auction for a bank-owned, +/-23,000 square foot mixed-use building has been extended until August 4th. Despite today’s challenging Las Vegas real estate market, FRE.com’s online auction marketplace has generated a significant amount of interested parties who have requested more time to perform their due diligence. Though all documentation is conveniently posted on the every auction webpage, bidders and real estate professionals alike have asked for more time to assess the property value before they name their price at auction.
All bids can be submitted online until the bid deadline of August 4th at 5:00 pm PDT, but this property is sure to go quick with a minimum bid of just $1,200,000 so investors better move quick! To view all of the auction details, documents, photos and auction information, check out the auction profile page at FRE.com.
Here’s a quick property video for you to check out as well:
