More than 100 bank-owned properties, which include single-family and multi-family homes, are scheduled to be auctioned online through Auction.com, starting February 21st until the 24th.
"This special event is another example of the global nature of real estate, and how our online platform can bring exciting opportunities to investors around the world," said Auction.com General Manager, Jason Allnutt. "These properties are priced to sell, presenting a great opportunity for both investors looking for rental homes in Puerto Rico and to first-time homebuyers in the region who are able to secure financing. We're pleased to bring such a large selection of these properties to auction in a single event, and plan to develop a more expansive program in the near future."
According to the press release of Auction.com in PR NewsWire, majority of the bank-owned properties to be auctioned are vacant and will be available for viewing during the Saturday open houses to be held on February 13th and 20th. All properties will be individually sold and in their "as is" condition. All properties will include title insurance, as well. A three percent broker co-op to all properties to be auctioned is being offered by Auction.com. Closings are expected to be within 45-60 days.
Auction.com has also announced that they will be offering a free educational seminar to help interested buyers prepare for the upcoming online auction event. The online auction process as well as how to leverage the auction format to successfully make real estate investment, will all be discussed in the seminar. The one-day seminar will be held at the Orlando World Center Marriott, located at 8701 World Center Drive in Orlando, Florida, on February 13th.
Auction.com, a Ten-X company, is the nation's leading online real estate marketplace that provides the most trusted online real estate marketplace, making transactions easier and more transparent. The company is focused on the sale of bank-owned and foreclosure properties to real estate investors.
