Auction Fever in Colorado

Kennedy Wilson Auction Group, a division of the national real estate services and investment firm Kennedy Wilson, conducted an auction of single family homes located in various communities of Denver, Colorado on December 16, 2007.

About 100 foreclosed homes in Colorado were put on the auction block at 11 a.m., Sunday December 16, 2007 at the Colorado Convention Center. The homes were taken over by lenders in 34 towns and cities in Colorado. Starting bids ranged from $5,500 to $375,000. Some homes had previously been priced as high as $884,000. The bidding was very intense and approximately 1,200 people attended the auction. There was active bidding on all properties.

This auction is one of the largest auctions recently conducted in the state of Colorado, offering homes at substantial discounts. It represented an exceptional opportunity for individuals and investors to purchase a quality property.

“By taking advantage of Kennedy Wilson’s Accelerated Marketing program, the banks are able to sell properties quickly in a difficult market”, said Rhett Winchell, president, Kennedy Wilson Auction Group.

Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 20 offices throughout the U.S. and Japan. It seeks opportunities in partnership with clients in pursuit of above-market investor returns and higher real estate values. Kennedy Wilson Auction Group has been a leading force in the auction industry since 1977. Since inception, the Kennedy Wilson Auction Group has conducted many successful auctions of condominiums and single-family home communities throughout the United States, Europe and Asia. It conducts live auctions and sealed-bid sales for all types of residential properties. Click http://www.kwiauctions.com or http://www.kennedywilson.com for further information.

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