Looks like,right now,real estate is in the toilet.The auction at Meredith bay Village yesterday did not go well for the bank.Only 4 0r five units sold out of 30 in the main building.They were originally listed for 250-295k and went for 140k (gulp) The auctioneer would not even take any bids under 140k so everyone just left.All of the remaining units are several thousand $ in arrears in taxes....good luck trying to market them in this economy.
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