Eighty Single-Family Homes, Condos, Land Parcels and 10-Unit Apartment Bldg. in Charlotte to be Offered at Real Estate Auction on June 23

Parcels valued between $25,000 and $400,000 will be offered with suggested opening bids between $7,500 and $275,000.

Charlotte, North Carolina (PRWEB) May 16, 2007 -- Eighty homes, condos, duplexes, land parcels, and a 10-unit apartment building, located in Charlotte and surrounding suburbs, will be offered at a June 23rd Real Estate Auction being conducted by Chartwell Auctions (http://www.chartwellgroup.com/auctions.htm). Rather than sell these assets slowly over a period of months, corporate ownerships have decided on this one-time-only sale, passing substantial savings to the successful bidder at auction. As many as 36 Parcels will be sold absolute, without reserve, and regardless of price or with below market published reserve prices. Suggested Opening Bids on a number of single-family homes will be range from $25,000 to $35,000.

Jason Dolph of Chartwell Auctions, stated, "Charlotte is one of the best real estate markets in the country. This is a wonderful opportunity for investors and home-buyers to acquire at wholesale auction prices." In addition to single assets, there are opportunities for redevelopment as well, including:

1.    Eleven contiguous commercial and multi-family land parcels with frontage on Monroe Road and Fortune Street minutes from downtown Charlotte.

2.    A 2.4 acre land parcel with two buildings on Old Concord Road near University of North Carolina at Charlotte.

3.    Nine Lake Wylie land parcels including one waterfront parcel.

Financing is available to qualified purchasers through SunTrust Mortgage and Wachovia Mortgage. Earnest Money Escrow Services will be provided through Colonial Title Company of Charlotte with closings scheduled for 35 days after the auction.

The auction will be held at the Embassy Suites Hotel, 4800 S. Tryon St at 12:00 Noon on Saturday, June 23. Registration begins at 11:00. On-Site Open Houses for the homes are scheduled for Saturdays and Sundays, June 9 & 10 and June 16 & 17 from 1:00 P.M. to 4:00 P.M.

For a free color brochure on the June 23 Real Estate Auction (http://www.chartwellgroup.com/auctions.htm) with terms of sale and locations of all properties you can call Jason Dolph at Chartwell Auctions at 704-831-8983. Who wants to pay a retail price for real estate, when they can buy on a wholesale basis at auction?

Contact:

Jason Dolph

704-831-8983

www.chartwellgroup.com

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