Dr. M. N. Tarazi

   Forty eight I shouted when the clerk at the Sheriff office

opened the bid on this condo. Forty eight is short for forty eight thousand dollars.   

Friday I went to the Sheriff real estate auction to try to help my nephew buy this condo. It was appraised at $72,000 and the opening minimum bid was $48,000. My nephew and I decided early on not to go over $55,000.

   Without seeing the inside of the property and just relying on peeking through the widows (if you can), you have to be careful and cover your bases when you buy a property at a Sheriff auction. You need to factor in unexpected problems (like a damaged air conditioning unit or dysfunctional water heater. Some owners, when they lose their property, they leave and take with them anything they can; refrigerator, dishwasher, microwave, light fixtures; etc. Sometimes they will take even the copper pipes.   Read More

The Auction
 Dr. Mouhamed N. Tarazi

​August 8, 2016