Warner Fetches $3.655 Million for USDA with Two Multi-Property Online Auctions
Warner Real Estate & Auction Company SOLD 51 Single Family Homes throughout New Jersey with Two Online Only Auctions.
Woodstown, NJ – Warner Real Estate & Auction Company, a leading real estate and auction marketing firm in New Jersey, was selected once again by the U.S. Department of Agriculture to sell (51) foreclosed single family homes throughout New Jersey. The two multi-property online auctions brought in a whopping $3.655 million dollars! Rich Warner, president and Founder of Warner Real Estate & Auction Company has worked closely and successfully selling real estate for the U.S. Department of Agriculture (USDA) throughout New Jersey and Pennsylvania since 2014.
The 51 foreclosed homes throughout New Jersey were sold through two online only auctions that ended on June 26 & July 31. These two auctions had an impressive 156 participating bidders from three different states (NJ, NY, PA) totaling 2,216 bids and brought a record setting $3.655 Million Dollars!
According to Rich Warner, “this was WIN-WIN situation for both buyers and the USDA. The buyers, whether they were investors or end users picked up some great deals and the USDA eliminated the carrying and management costs of 51 foreclosed properties and recovered $3.655 Million Dollars for the taxpayers.”