Blighted Homes Going Up for Bid in Reading
(Reading, PA) -- Reading's Redevelopment Authority plans to auction off four properties soon. In a joint statement issued over the weekend, the officials say re-vamping the properties is a first priority, in light of Mayor Eddie Moran's directive to "eliminate blighted areas." The sale will be open to bidders June 15 for just four hours: 10 a.m. to 2 p.m. Bidding on each property will start with a one-dollar minimum Each will be sold to the highest bidder, with no minimum price. Bidders must register with Bid4Assets and post a 500-dollar refundable bid deposit. Terms and information about properties are posted online.