Buy a condo for 15 percent of price at new auction site
16 Jul 2009
A luxury condo that was priced at $690,000 recently sold at auction for $86,840. No, it wasn’t a bank foreclosure but via a new Web site called IBidCondo that’s launching later this summer.
IBidCondo requires potential bidders to pay for a $100 “seat” to have the right to bid on the auction. The auction itself has no reserve. If you don’t win, you&rsquo