Shady Canyon

[usctrojanman29_IHB]

[quote author="cactusfan" date=1259919012]63 Canyon Creek going to Auction on December 18th?



http://irvinehomes.freedomblogging....vine-homes-are-headed-to-foreclosure-3/10827/



would this be the first Shady Canyon property to go into foreclosure/auction?</blockquote>
I don't see 63 Canyon Creek on foreclosure radar (but that doesn't mean it's not going to the auction block). Looks like 21 Needle Grass went back to the bank for $1,615,000 on 8/28/09.

 

[cactusfan_IHB]

[quote author="USCTrojanCPA" date=1259919547][quote author="cactusfan" date=1259919012]63 Canyon Creek going to Auction on December 18th?



http://irvinehomes.freedomblogging....vine-homes-are-headed-to-foreclosure-3/10827/



would this be the first Shady Canyon property to go into foreclosure/auction?</blockquote>
I don't see 63 Canyon Creek on foreclosure radar (but that doesn't mean it's not going to the auction block). Looks like 21 Needle Grass went back to the bank for $1,615,000 on 8/28/09.</blockquote>


how exactly to these auctions work? Is it the bank auctioning off bank owned properties it has "repossessed" because the borrower couldn't make payment anymore? and is there a minimum bid in these auctions? thanks!