Those were the words spoken yesterday when 29 Delaport, in the Coronado Cays was sold at auction on the court house steps. I have it on good authority that the estimated value was $786,527 and the opening bid was $111,000. Zealous bargain hunters, armed with comps of recent sales in the Coronado Cays bid feverishly bringing the sales price up to $470,000.
Being a Bargain hunter combing through Coronado garage sales on Thursdays is one thing, but picking up a "bargain" on the court house steps is another. It is not for the amateur. For one thing, it brings "due diligence" to a whole new level. When you purchase a home on the court house steps, you do not get "title insurance". Not having clean title is a nightmare unto itself.
What's interesting about 29 Delaport is...
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