This is what a foreclosure auction looks like

Ever wonder what a foreclosure auction looks like, y’know the ones held on the proverbial courthouse steps? I do, and this raw footage from a San Diego courthouse auction shows you. It appears only a handful of real-estate investors bothered to show up, and as you’ll see, there’s a dearth of bids.

They, like everyone else, believe that prices will be cheaper down the road. Which means they likely will.

I also found this home-made video of a homeowner (in New England, I’m guessing) you is desperate to keep his home from being auctioned off. It’s a poignant few minutes of film.

Before it's here, it's on the Bloomberg Terminal.