Typical Sherrif’s Sale Auction

Posted by mcarey on October 20, 2008 under Uncategorized | Be the First to Comment

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If there is an antithesis to what we are and what we do - this would have to be it.

Click Here for Link to WSJ Video on Sheriff Sale Auction

As opposed to transactions like this - our financial institution clients are real “sellers” who understand market dynamics and believe in the auction process. To them the bidders at the auction are their buyers and the price the bidders are willing to pay is likely the highest and best offer they will receive for the near distant future. As opposed to these Sheriff sales, our clients want to say sold, they also, obviously, want to get all the money they can, but if they get close they’re going to say sold.

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