Word: auction
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Dates: during 2000-2009
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...sale has calmed what threatened to be a highly controversial auction in Hong Kong next month. Sotheby's originally planned to sell the bronze - which was previously owned by a collector in Taiwan - at auction along with 30 pieces that were mostly traced to Qing palaces. A Chinese government-linked organization responsible for recovering looted cultural artifacts opposed selling the head at auction because there was no assurance that it would end up in China...
...typical year, about 250,000 foreclosures are scheduled for auction at county courthouses nationwide; so far this year there have been 440,000, according to RealtyTrac. Investors once lured by the prospect of flipping houses at ever inflating prices are now (if they sold in time) focused on scooping up distressed houses on the cheap and turning them into rentals. "There's a whole crowd of people who say, 'Wow, what an opportunity,'" says William Bronchick, president of the Colorado Association of Real Estate Investors...
Sales of bank-owned repossessions like the one auctioneer Hudson & Marshall is hosting in Detroit later this month are sellout events (700 properties will be on the block, vs. 130 this time last year), but the real money is made by people who get their hands on houses before the banks do. By outbidding the bank at a courthouse foreclosure auction, return on investment can get as high as 25% to 35%. Make sure you are incredibly well versed in your state's real estate laws and prepared for tasks like evicting a family...
...disappearance. (Bala has denied knowing him.) They also noted similarities between the character Chris in the novel, and the author, who also goes by that nickname while traveling abroad and in email communications. In addition, police traced the sale of the victim's mobile phone on an Internet auction site four days after his disappearance to an account registered to Bala. And they said that a phone card was used to place calls to the victim on the morning of his disappearance as well as to Bala's girlfriend and parents...
...easiest, yet least lucrative, way to invest in foreclosed homes is to buy one after it has been repossessed by the bank. Many lenders list REO ("real estate owned") homes on their web sites, and large auctions run by outside companies are gaining serious traction, too. These are outfits like Hudson & Marshall and Real Estate Disposition Corporation (REDC) that come to town, advertise like crazy, then auction off hundreds of bank-owned properties in a hotel ballroom in a single day. In the current climate, business has taken off: Hudson & Marshall is selling 40% more homes now than...