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Old 08-27-2008, 01:58 AM
 
104 posts, read 253,546 times
Reputation: 199

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What on earth is going on out in 89011?

Real Estate Auction Company & Auctioneers : Welcome to J . P . King : Lake Las Vegas Collection

Are these truly properties that will be auctioned off? They look pretty pristine and furnished... or is this some sales promotion?

So what is the future of LLV, gang?
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Old 08-27-2008, 02:18 AM
 
Location: Somewhere.
10,481 posts, read 25,158,490 times
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Most likely foreclosures. And very nice one's at that.
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Old 08-27-2008, 11:01 AM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 37,998,701 times
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Not foreclosures. Expensive cats and dogs that have been on the market for a while mostly. One is a new Christopher on the water.

A couple have very strange histories.

I would think they are not absolute auctions...and have high reserves. But it should be an interestng one.
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Old 08-28-2008, 05:41 AM
 
Location: Somewhere.
10,481 posts, read 25,158,490 times
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So why are they being auctioned off and not sold outright? I thought auctions were always bank owned. But then again, i am not a real estate professional so I guess a lot.
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Old 08-28-2008, 01:02 PM
 
323 posts, read 955,042 times
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I saw the JP King ads and was intrigued as well. But, since their website mentioned nothing about reserve, or even the deposit amount (which has historically been 10% of the anticipated winning bid) I didn't waste my time looking any further. Shame on JP King.

BTW, auctions do not have to be bank owned, it can just be another way to hype and sell.
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Old 09-06-2008, 04:01 PM
 
1 posts, read 5,034 times
Reputation: 10
Default Worth a Shot...

I checked out the properties ( [url]http://www.OwnLakeLasVegas.com/Auction[/url] ) and will attend if for no other reason than curiousity. Who knows...with 5 absolute auctions and supposed "low reserves" on the rest, there might be some good deals. But if you think anyone will get to pay 40% of current value without a ton of competition, think again.

I've had my eye on a few foreclosures out there already. So, if nothing sticks out during the auction, I've got a few back-ups. Some of them are priced better than what I think the auction properties will go for: ( [url]http://www.OwnLakeLasVegas.com/Search/Foreclosure[/url] ).
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Old 09-06-2008, 08:14 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 37,998,701 times
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Quote:
Originally Posted by TonyD19 View Post
I checked out the properties ( Lake Las Vegas Auction Information - Real Estate ) and will attend if for no other reason than curiousity. Who knows...with 5 absolute auctions and supposed "low reserves" on the rest, there might be some good deals. But if you think anyone will get to pay 40% of current value without a ton of competition, think again.

I've had my eye on a few foreclosures out there already. So, if nothing sticks out during the auction, I've got a few back-ups. Some of them are priced better than what I think the auction properties will go for: ( Lake Las Vegas Real Estate, New Homes, Town Homes, Condos & Foreclosures ).
Your kidding I hope...$315 PSF and $750 in Association fees? Pickup a nice 2000SF place somewhere convenient for that. Hell 2500SF in Club Aliante with pool and guard gate for the same per month.

You got to really love that Lake.
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Old 10-14-2008, 09:54 AM
 
323 posts, read 955,042 times
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Topping.

Anyone have any insight as to what actually happened at the auction?
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Old 10-14-2008, 10:13 AM
 
Location: Here and there, you decide.
12,904 posts, read 27,821,411 times
Reputation: 5045
probably nothing... i was participating in the hudson marshall auction in vegas (have catalogs, bid on 1 house), so for kicks, i circled 15 homes to watch on the net at the assessors site.. auction was in august, you had 30 days to close, none of the houses i circled changed hands.
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Old 10-15-2008, 10:32 AM
 
323 posts, read 955,042 times
Reputation: 252
0 for 15, OUCH!
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