The City of Springfield in conjunction with Daniel J. Flynn & Co. of Quincy will auction off 36 (thirty-six) properties in tax-title possession on Tuesday, February 10, 2009. Registration begins at 5:00 PM and the auction begins at 6:00 PM. The Auction will be conducted ballroom-style, at Springfield City Hall located at 36 Court Street, Springfield, MA 01103.
This will be Springfield’s first real estate auction of 2009. All earlier city auctions were well attended and widely considered successful exceeding goals set by city officials.
The city-owned property portfolio consists of several residential and commercial lots, single and multi-family homes and commercial condominiums.
“There’s tremendous opportunity here” Auctioneer Dan Flynn remarked. He added, “Ordinary people with the vision and determination will find value and purchase real estate at prices that we haven’t seen in a long time”
A 5% buyers premium covers the auction fee so the cost is added to each high bid which represents the final sale price. Anyone interested is strongly encouraged to visit these properties at the open houses scheduled for Sunday, February 8 from 11AM-1PM & 1PM-3PM. Auction participation requires bidders to come prepared with a certified or bank check made out to themselves in the amount of $5000 per property that they intend to bid on.
Interested parties should check the city website or www.flynnauctions.com for specific open house schedules and property information.
Thomas Walsh, Springfield Community Relations Director (413) 787-6109
Jim Wagner, Public Relations for Daniel J. Flynn & Co. (617) 479-9000