An auction of of 51 REO-owned properties is being held at 7 p.m. August 5, 2008, at the Ambassador Riverfront Hotel located at 2500 Edwards Drive in Fort Myers, Florida. The auctioneer for this event is Rick Levin & Associates, Inc.
The properties being auctioned off are primarily single-family homes located in Cape Coral and Lehigh Acres, with a few in Fort Myers and Alva. Bidding starts at $55,000 and 10 are absolute auction. In a quick read of the prospectus, it doesn’t appear that the absolute properties are clearly identified.
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