New homes to be auctioned for charity - East Valley Tribune: Business

New homes to be auctioned for charity

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Posted: Friday, July 18, 2008 5:13 pm | Updated: 8:58 pm, Fri Oct 7, 2011.

T.W. Lewis and National Real Estate Auction Corp. are working together to auction more than 40 new homes in the Arizona market while raising money for charities. The auction is 12:30 p.m. Sunday at the Phoenix Airport Marriott.

In addition to the T.W. Lewis homes, National plans to auction more than 100 residential, commercial and investment properties valued at more than $60 million from Flagstaff to Casa Grande. Property prices currently range from the low $100,000s to more than $1 million.

Brad Schwartzman, director of marketing for National, said all properties have one thing in common: motivated sellers who hope to establish a fair market price through the auction process. National expects to have more than 150 properties at the auction.

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