New Orleans homes to go on auction Saturday

New Orleans homes to go on auction Saturday

NEW ORLEANS (AP) - About 130 homes and residential lots throughout New Orleans will go on auction on Saturday.

The New Orleans Advocate reports (http://bit.ly/1sFSvwi ) the New Orleans Redevelopment Authority will sell the properties with no minimum prices.

The event will be held in Hall H at the Morial Convention Center.

Registration will begin at 9 a.m., with the auction starting at 11 a.m. Organizers recommend preregistering. Online bidding also is available.

Cashier's checks, money orders or cash are required in order to register and bid. For their initial deposit, bidders must have a minimum of $2,000 and the ability to increase the deposit to equal 10 percent of the bid amount.

Information from: The Advocate, http://theadvocate.com

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