Foreclosed Home Auction Draws Crowd

February 20, 2008 12:00:00 AM PST
An auction of foreclosed homes attracted a large crowd at the Fresno Fairgrounds.More than one thousand people packed the junior exhibit hall to bid on eighty foreclosed homes thirty in the Fresno area.

Homes in all price ranges were auctioned off and several sold for less than market value. One couple successfully bid 65-thousand dollars for a home in the south valley.

The banks still have to approve the auctioned price and potential owners will find out if that happens in about fifteen days.