Bank-Ordered Properties to Sell at J. P. King Real
August 05, 2010 10:03 AM Eastern Daylight Time
WINSTON-SALEM, N.C.--(EON: Enhanced Online News)--Nine properties across North Carolina will sell at a
bank-ordered real estate auction on August 17 and 18. J. P. King Auction Company, the nation’s leading real estate
auction marketing firm, will conduct four events that span across two days, where they will offer commercial
buildings, homes and land. The four events will take place in Spindale, Winston-Salem, Southern Pines and
“It’s a great opportunity to buy a variety of properties at a fraction of the original cost,” said Craig King, president
and CEO of J. P. King Auction Company. “When banks acquire properties through foreclosure, they want to
convert those properties back into active loans as quickly as possible, and this provides discounted rates and high
values for buyers.”
The first event, in Spindale, takes place on August 17 at 10 a.m. where a two-story home will be offered followed
by six acres of development land. The land, which is zoned for a residential development, will sell absolute with no
minimums and no reserves.
Two land tracts and five homes will be offered at the Kannapolis event, including 52 acres in The Falls Subdivision
and 42 acres at 412 Village Park. This event will be held at the Holiday Inn in Salisbury at 3 p.m.
In Winston-Salem, J. P. King will offer an 11,000 square-foot commercial building fronting Reidsville Road. This
brick building sits on 1.5 acres and will be auctioned at 10 a.m. on August 18. At 3 p.m. in Southern Pines, a large
commercial building, formerly an indoor golf facility, will sell on-site at 110 Pinehurst Avenue.
For additional information, including information on property tours, individuals may contact J. P. King at
800.558.5464 or visit the company’s website at www.jpking.com.
J. P. King Auction Company specializes in high-value properties and portfolios such as luxury homes, developments,