From: ehcorp1@lycos.com
Newsgroups: alt.invest.real-estate
Subject: Re: Large Commercial Deals
Date: 11 Dec 2003 15:40:18 -0800

acimfilesREMOVE@yahoo.com wrote in 


> > Commercial hitters do not read this newsgroup, readership here is 99%
> > wana-bees/has-beens/ marbled in with a few dizzy passer-bys.
> >

 
> Which one are you?


Over 10 years ago an attorney buddy said I was a "burnt out cinder of
my former self"  ...  wouldn't that qualify as *has been/once was*?

This morning a property sold for $1.00 at trustee sale.  Yes it was a
graduated bid with beneficiary instructions to bid up to $10K. 
Beneficiaries ofter play this game but having attended thousands of
sales, I've never seen the $1 token bid.  If someone bids but is
unwilling to top the lender's high graduation number, the vultures
will hang the party wasting eveyone's time.

I can see it now:

Foreclosure property selling for as little as $1 ... no one knows
about this!  Sign up for our forclosure seminar this weekend.