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on Dec 15, 2007
I haven't been to a property auction since I was a kid and used to watch the fast-talking auctioneers selling off farms from the Wayne County Courthouse steps in rural Fairfield, Ill. So it's with some apprehension that I plan to listen in again tomorrow as Stacey Kennedy of Pacific Auction Exchange holds a live auction of a three-bedroom, one-bath home at 4040 Jensen St., across from Amador Valley High School. I'm not the only one apprehensive. Dora Mae Nairn, who has lived in the home since she moved there with her late husband Donald when it was newly built in 1954, is hoping to get a lot more for the house than the minimum bid Kennedy has set of $299,000. That's a lot more than the $15,000 the Nairns paid, but a lot less than the $500,000-$600,000 some of the Jensen tract homes have been selling for recently. That's why Nairn's neighbors are also concerned; an exceptional low bid that wins could affect property values up and down the street,
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posted Friday, December 14, 2007, 12:00 AM
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