Bankruptcy Auction of 55± Single Family Homes and Condos in South Florida

By order of the U.S. Bankruptcy Court, 55± properties in South Florida are now slated for the auction block. These Properties are part of a major bankruptcy case for which U.S. Bankruptcy Trustee, Kenneth A. Welt is the Chapter 7 Trustee

Fort Lauderdale, FL(PRWEB) October 13, 2008 - A Public Auction for 55± South Florida properties has been approved for sale by the U.S. Bankruptcy Court. Trustee, Kenneth A. Welt, engaged Fisher Auction Co., Inc. to conduct the sale of these properties scheduled for November 1st at the Renaissance Fort Lauderdale-Plantation Hotel, according to Lamar Fisher, President / CEO of Fisher Auction Co., Inc.

According to investors, this was an alleged Ponzi scheme which acquired a host of properties throughout the area over several years. "We are pleased to bring our experience with bankruptcy property auctions throughout the country to this case." Fisher said, "With current housing market conditions, the auction process provides for quick disposition."

"This is an incredible opportunity for investors and homebuyers to take advantage of the current market conditions and participate in this remarkable auction." Fisher continued, "With market conditions having stagnated for the last couple of years, we are looking to move this portfolio which will benefit both the creditors and the local economic area. No one wants empty homes sitting - I think conditions are in place to benefit both the home-buyer, investors and the surrounding community."

There are a wide variety of properties - many in good condition, some needing work - all have the opportunity to be great home investments by the time the current real estate slump turns. Properties range from a 3,538± square foot, 2-story home in Royal Palm Beach, Florida to an 830± square foot, 2 bed/2 bath Condominium in Plantation, Florida, with many choices in-between.

For additional auction information, inventory or photographs visit Fisher Auction Website (http://www.fisherauction.com)

Contact Information:

Kenneth A. Welt, Trustee

Florida Bankruptcy Trustee, Receiver, and Conservator

954.929.8000

kaw(at)kawpa.com

Lamar Fisher, President / CEO

Fisher Auction Co., Inc.

954.942.0917 x 13

http://www.fisherauction.com

info(at)fisherauction.com

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