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Let the Bidding Begin: America for Sale - Real Estate Auctions

Celeste M. Hammond

The John Marshall Law School

Steven L. Good

Sheldon Good & Company

October 26, 2008

Real Estate Auction may be best way to dispose of a real estate asset, whether you are the owner or lender who takes the asset as collateral for the debt.

Part I of the article considers the growth in use of real estate auctions. Part II provides the description of the asset types that are suitable for auction sales, the typical reasons that underlay the decision to use an auction; the characterization of sellers who benefit most from choosing an auction and case studies providing a glimpse of the auction method. Part III is a primer on the auction process. Part IV considers the role of Sellers' attorney as part of the strategic auction team.

Number of Pages in PDF File: 15

Keywords: auction,real estate, disposing assets,role of seller's attorney, process

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Date posted: August 13, 2009 ; Last revised: September 21, 2009

Suggested Citation

Hammond, Celeste M. and Good, Steven L., Let the Bidding Begin: America for Sale - Real Estate Auctions (October 26, 2008). Available at SSRN: http://ssrn.com/abstract=1410368 or http://dx.doi.org/10.2139/ssrn.1410368

Contact Information

Celeste M. Hammond (Contact Author)
The John Marshall Law School ( email )
315 South Plymouth Court
Chicago, IL 60604
United States
312-987-2366 (Phone)
312 427 5280 (Fax)
Steven L. Good
Sheldon Good & Company ( email )
333 West Wacker Drive
Suite 400
Chicago, IL Cook County 60606
United States
(312) 373-4350 (Phone)
(312) 346-0727 (Fax)
HOME PAGE: http://www.sheldongood.com
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