I hate to sound trite, but ALL foreclosure auctions are ending up as REO...where the bank is buying back and taking huge write downs. After the auction, the Foreclosing bank takes ownership immediately (if there are no bids which is the case 99.9% in the current market). The property is then assigned to a local Real Estate Broker who is in with Fannie Mae or Freddie Mac. My office specializes in listing these properties. I can provide you with some info or a list of Bank Owned Properties if you would like to call me at 207-400-4413.
You want to get these properties AFTER the auction for the BIG discount.
Martin Macisso
Regency Realty Group
762 Main Street
South Portland, ME 04106
207-400-4413
Hello B,
I was not able to retrieve that information as of yet. You can check the city of Portland site in a few days to see if there has been a recent sale on that street with a recent transfer of deed.
I'm not sure if you're talking about 99 Spring, Silver Street Spring Condo Association, but there are two current properties for sale, unit #44 for 189,900 and unit #36 for 219,000.
If you know who the auction company is, you could also contact them.
Best Regards,
Deja Lett, Realtor
Assist 2 Sell Home Team Advantage
13 Park Street
Saco, ME 04072
207-282-0990 Ext. 403
dlett@assist2sell.com
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