Today was scheduled to be a busy day for auctions of Teton County foreclosed properties, with five properties worth more than $14 million on the block, but none of them made it to the steps of the courthouse.<\/p>\n
A few days before Christmas the Davies-Reid building on the Town Square had its auction rescheduled for Jan. 19, 2010. Opening bid is $2,763,715.67. It was announced yesterday the other four properties, all with the same owner, scheduled for auction today were cancelled due to a bankruptcy filing.<\/p>\n
These four properties included:<\/p>\n
\u2022\tA Four Seasons unit with an opening bid of $1,792,771.
\n\u2022\tA second Four Seasons unit with an opening bid of $1,457,115.
\n\u2022\tA Granite Ridge (Teton Village) building site with an opening bid of $2,279,297.
\n\u2022\tA Teton Village home with an opening bid of $5,613,885.<\/p>\n
Jackson Hole Title and Escrow has been great about keeping Teton County Realtors informed about the latest foreclosure news via regular e-mail updates. Yesterday they provided a list of all announced foreclosures in 2009 and their current status. Contact me to have the entire document, and additional resources concerning short sales and foreclosures, forwarded to your e-mail.<\/p>\n
Some highlights of JHTE\u2019s roundup include:<\/p>\n
\u2022\tThere were 30 completed auctions in 2009, with all properties reverting to lender at the conclusion of the redemption period, or still awaiting the expiration of the redemption period.
\n\u2022\tThe most expensive foreclosure was for four parcels of land south of Jackson with an opening bid of $22,743,564.
\n\u2022\tThe least expensive foreclosure was for a Teton Club fractional unit with an opening bid of $29,167.39.
\n\u2022\tSeven new auctions including two Love Ridge condos and two more Racquet Club condos.
\n\u2022\tThe next scheduled auction is Jan. 5, 2010, for a Love Ridge condo with an opening bid of $813,015.43.<\/p>\n","protected":false},"excerpt":{"rendered":"
Today was scheduled to be a busy day for auctions of Teton County foreclosed properties, with five properties worth more than $14 million on the block, but none of them made it to the steps of the courthouse. A few days before Christmas the Davies-Reid building on the Town Square had its auction rescheduled for […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[179],"tags":[166,220],"class_list":["post-227","post","type-post","status-publish","format-standard","hentry","category-jackson-hole-news","tag-downturn","tag-foreclosure"],"yoast_head":"\n