Auctions of Bank Owned Foreclosure Properties in Fresno!

There are a couple of auctions coming up, one tonight where there will be about 30 foreclosed homes up for auction. This is a very small percentage of the actual number of foreclosed homes currently on the market in Fresno. One thing bidders should be aware of, is that these auctions have a "reserve" price, which means if you are the winning bidder, the bank that owns the home may not allow the sale to thru unless the price meets their reserve price. It's really all about the media hype that goes on with the slick TV advertising and auctioneers driving up the frenzy in bidding. The last time an auction came to town, about six months ago, there were about 20 homes that were auctioned off, but only about 5 of them actually resulted in a successful sale with the bank. There are hundreds of homes available that are bank owned in our active Fresno MLS system. Buyers can search all active listings at http://www.FresnoHomes.net