Up Coming Foreclosure in Alton

Just Sold · 04-24-2014, 04:01 PM

The old Prudential RE office Condo in Alton Bay is up for foreclosure.
http://www.jsjauctions.com/details.a...nCode=2014-281

jmen24 · 04-24-2014, 05:09 PM

Yikes! That can't be a good sign for the strength of the local real estate market.

Kidding aside, is that RE group relocated or was this part of a larger business collapse?

Dad sold the C * C · 04-24-2014, 06:22 PM

I have no knowledge of this office, but I do know that Berkshire Hathaway bought Prudential and changed the name. Or something like that. The foreclosure is interesting, but I think many offices were independently owned.
Perhaps one of the realtors on the board can fill us in on the state of their industry.

upthesaukee · 04-24-2014, 06:30 PM

Spencer Hughes, with main office in Wolfeboro. The Alton office suffered a mass exodus some months ago. Not sure what is happening in Wolfeboro.

MAXUM · 04-24-2014, 06:54 PM

Seems to me a mass exodus from a single office signals something other than a gauge on the real estate market.

dave603 · 04-24-2014, 07:42 PM

Maybe the owner lost it. Or if they did, just decided to retire, who knows.
Lot's of different reasons this could happen.

04-24-2014, 04:01 PM	#1
Just Sold Senior Member Join Date: Apr 2004 Location: Suncook, NH, but at The Lake at Heart Posts: 2,612 Thanks: 1,082 Thanked 433 Times in 209 Posts	Up Coming Foreclosure in Alton The old Prudential RE office Condo in Alton Bay is up for foreclosure. http://www.jsjauctions.com/details.a...nCode=2014-281 __________________ Just Sold At the lake the stress of daily life just melts away. Pro Re Nata

04-24-2014, 06:30 PM	#4
upthesaukee Senior Member Join Date: Jan 2003 Location: Alton Bay Posts: 5,547 Blog Entries: 2 Thanks: 2,397 Thanked 1,918 Times in 1,061 Posts	the one in Alton was... Spencer Hughes, with main office in Wolfeboro. The Alton office suffered a mass exodus some months ago. Not sure what is happening in Wolfeboro. __________________ I Live Here... I am always UPTHESAUKEE !!!!

04-24-2014, 07:42 PM	#6
dave603 Senior Member Join Date: Apr 2013 Location: Nashua/Winnisquam Posts: 282 Thanks: 106 Thanked 96 Times in 49 Posts	Who actually owned it. Maybe the owner lost it. Or if they did, just decided to retire, who knows. Lot's of different reasons this could happen.

04-24-2014, 05:09 PM	#2
jmen24 Senior Member Join Date: Feb 2009 Posts: 1,139 Thanks: 223 Thanked 319 Times in 181 Posts	Yikes! That can't be a good sign for the strength of the local real estate market. Kidding aside, is that RE group relocated or was this part of a larger business collapse?

04-24-2014, 06:22 PM	#3
Dad sold the C * C Senior Member Join Date: Feb 2014 Posts: 273 Thanks: 119 Thanked 62 Times in 40 Posts	I have no knowledge of this office, but I do know that Berkshire Hathaway bought Prudential and changed the name. Or something like that. The foreclosure is interesting, but I think many offices were independently owned. Perhaps one of the realtors on the board can fill us in on the state of their industry.

04-24-2014, 06:54 PM	#5
MAXUM Senior Member Join Date: Apr 2004 Location: Kuna ID Posts: 2,755 Thanks: 246 Thanked 1,942 Times in 802 Posts	Seems to me a mass exodus from a single office signals something other than a gauge on the real estate market.

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