Monday, August 16, 2010

Where do bankruptcy trustees post properties for sale by public bidding?

The criteria for these properties would be commercial, industrial, Office buildings, large multi-family projects (50+ units).Where do bankruptcy trustees post properties for sale by public bidding?
Start with commercial real estate companies. I found a site www.bankruptcysales.com which says that only creditors or interested parties have to receive notice the property will be sold, not the general public. I looked at an article in our local paper that listed a national real estate as the seller of a particular apartment complex. If you start with a commercial real estate company, they probably can answer your questions.





http://www.mab.uscourts.gov/mab/?q=node/鈥?/a> Here is a site with the same information from The United States Bankruptcy Court, Massachusetts Division. It says you can be put on lists as an interested party.





A private home in our area had a lawn sign which told how to get in touch with the bankruptcy auction people. I don't know if that is done on commercial property.

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