Prime Auctions start... a prime example

My gut tells me this was a failed flip. Anyone know what they paid for it and when?

It's a beautiful property but doesn't look like the northeast to me; looks more So. California or Florida, no?

It was owned by Abe Froh Heim, the sausage king of Paramus.

"It's a beautiful property but doesn't look like the northeast to me; looks more So. California or Florida, no?"

exactly, it features Mediterranean aspirations

The "no starting bid" is a bunch of BS. Of course there is a starting bid... it's called the reserve price! Do you really think they will sell to the highest bidder if they only bid $500,000?

"The "no starting bid" is a bunch of BS."

so true, and if it says "no reservation price" it means somebody representing the lender will win the bid if the implicit reservation price is not met.

this is not a foreclosure auction so nobody is going to be representing the lender.