5.3 Million Dollar Real Estate Auction Starts in Eastern and Coastal NC

May 22, 2012, 12:58 ET from Iron Horse Auction Company, Inc.

ROCKINGHAM, N.C., May 22, 2012 /PRNewswire/ -- It was announced today that Iron Horse Auction Company of Rockingham, NC will be selling 100 properties in 9 Counties of Eastern NC, 6 Counties of Coastal NC and also in Central VA at online auction.

The properties are Bank Owned and ordered to be sold and closed by June 29, 2012. They include Sound View Residential lots in Perquimans County, Intracoastal Waterway Frontage in Onslow County, Golf Course Frontage lots in the Pinehurst area, a Commercial lot in the New Bern area, Residential lots in Holden Beach, a Partial Subdivision in Durham and much more.

The current tax appraisal of all the properties is in excess of 5.3 million. The auction starts on Wednesday, May 23, 2012 and ends on Thursday, May 31, 2012 and Friday, June 1, 2012 with all bidding taking place on the www.ironhorseauction.com website.  All the properties sell regardless of price except for 4 that have very low reserves.

Thomas McInnis of Iron Horse states, "This auction represents many outstanding properties throughout Eastern North Carolina and the North Carolina Coast.  Never have we had the opportunity to sell such a diverse group of properties in this area.  This is an opportunity to buy highly desirable real estate with no minimum on nearly all the properties."

For further information, go to ironhorseauction.com or call:

For interviews, contact:
Thomas McInnis at 910-997-1555
Iron Horse Auction Company, Inc.
174 Airport Road
Rockingham, NC 28379

SOURCE Iron Horse Auction Company, Inc.