View Single Post
  #1 (permalink)  
Old 07-28-2008, 05:48 AM
davelile davelile is offline
Junior Member
 
Join Date: Feb 2008
Posts: 9
Default Too Many Lien Sales?

I have a 50,000 SQ Ft Facility in my 3 mile Demographics. I have niticed that they are having storage aucitons every 1.5 to 2 months. They have 15 to 20 units advertised every time. I have talked with all of my other owners in my area and they all claim they have a very low default rate. I know this is a loaded question but what is a typical amount that a facility of that size should expect to lien sale. It sure seemed shady when I attended the last auction. The auctioneer either owns or is located right next to the storage facility. They were very vocal about advertising their future auctions already. The auction junkies where all commenting on how different this auction was and that the stuff just did not look normal. I think that the auctioneer is placing his own junk in some of the units and then selling it off as a storage auction. Maybe the owner gets one or two of their own business related units auctioned off in the mix but it seems weired that they are having so many auctions. Is there a way to find out if they are doing some shady work. IE call and request the lien sheet with the names of the unit owners and then try and look them up? Just wondering. It seems like some shady business going on there. Any ideas or seen this done before?
Reply With Quote