Auction Recession Antics: Hanlons Put Up and Then Buy Own Property Back at Auction
It has been said that Hanlons have curious habits. They take years developing a property with no tenants in and a complete void for several years. They ommitt and avoid essential repairs in other properties causing damage to the house and further costs to them. Yet cannot let go.
I have been told that about 5 years ago, probably in the crisis the Hanlons were in trouble like many.
They had to put up several of their properties up for auction.
Yet, bought 2 of their properties back at the very auctions they were set up to sell them to make some profit and make a saving.
If in dire straights, and no funds where do they get the money to buy the properties they themselves are putting up for auction.
Curious, Concerned, Strange.
Xxx Admin
