CHICAGO, Jan. 28 /PRNewswire/ — A major lender has engaged the services of Rick Levin & Associates, Inc., a Chicago-based real estate auction marketing firm, to conduct a multiple-property auction of Wisconsin residential properties, many of them in Milwaukee and the surrounding area. The auction will take place at 1 p.m. on Tuesday, February 12, 2008, at the Hilton Milwaukee City Center, 509 W. Wisconsin Avenue, Milwaukee, Wisconsin.
“Because lenders are in the business of lending money and not owning property, this national lender has partnered with us to sell these foreclosed properties. The lender is very motivated to sell these properties now, as they want them off of their books as soon as possible,” said Rick Levin, president of Rick Levin Associates, Inc. “This is a one-day only opportunity for anyone, including first and second home buyers and bargain-seeking investors, to purchase any of these properties at substantial discounts from their original prices,” he continued.
There are approximately 26 residential properties (single-family homes and condominiums) in the Wisconsin cities of Elkhorn, Fitchburg, Ft. Atkinson, Greenfield, Janesville, Milwaukee, Racine, Randolph, South Milwaukee, Sun Prairie, Verona, Wauwatosa and West Bend.
The properties were previously valued up to $272,000, with some starting bids beginning as low as $10,000.
A cashier’s check in the amount of $5,000 is required to bid.
For a complete list of auction properties, open house dates and terms of sales, interested parties should call Rick Levin & Associates, Inc. at 773-252-4500 (toll free 866-655-4500) or visit their Website at http://www.ricklevin.com/.
First Call Analyst:
Source: Rick Levin & Associates, Inc.