30 January 2012 ~ Comments Off on NORA/Louisiana Land Trust Holds Successful Auction of 110 Road Home Properties

NORA/Louisiana Land Trust Holds Successful Auction of 110 Road Home Properties


New Orleans, LA – Saturday, January 21, 2012 – The New Orleans Redevelopment Authority held a successful auction on 110 Road Home properties including homes, doubles and lots Saturday at the UNO Human Performance Center. One hundred percent of the properties were sold to the highest bidders for a total of $3,115,900.

An audience of approximately 350 attended the auction with an additional 190 bidders competing online.

“This was our fourth successful NORA auction of Orleans Parish Road Home properties since April of last year. NORA has sold over 450 properties at auction to bidders that are interested in helping New Orleans recover from Katrina”, said David E. Gilmore, President and auctioneer at Gilmore Auction & Realty Co.

This auction, with closings to take place within 30 days after all LLT Conditions to Closing of the agreement are met, places these properties back into commerce and generated Community Development Block funding for Orleans Parish.

For more information: Dave Gilmore 504-468-6800 ext. 202. Davidgilmore@gilmoreauction.com

3316 Florida Ave. Suite 201 • Kenner, Louisiana 70065 USA
Phone (504) 468-6800 •Fax (504) 468-6811

Broker: David E. Gilmore
Licensed By The Louisiana Real Estate Commission
Licensed in Louisiana, Mississippi, Arkansas and Oklahoma
A Division of Gilmore-Braud Companies

Auctioneer: David E. Gilmore
Licensed in: Alabama #1832 • Arkansas #1979 • Louisiana #0447
Mississippi #378/641F • Texas #11136

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