Attachment
CONTACT: JEFF MCMAHON
PHONE NUMBER: 310-927-
DATE: 12/28/
REAL ESTATE DEVELOPER STONE EQUITY GROUP TO AUCTION HOME ON EBAY AND DONATE PROCEEDS TO BOYS & GIRLS CLUBS OF CAPISTRANO VALLEY
Mission Viejo, CA, December 28, 2009 -- Stone Equity Group (SEG) will be auctioning a home on eBay and donating all proceeds to the Boys & Girls Clubs of Capistrano Valley in Southern California. SEG will sell the home on eBay for a ten day period beginning Tuesday, December 29, 2009 through Friday, January 8, 2010.
The home featured in the auction is a single family residence located in Cleveland, Ohio comprised of 5 bedrooms and 1 bathroom and over 1900 square feet in size. Beginning Tuesday, December 29 at 9:00 am (Pacific Time), interested buyers can go to homeauction.stoneequitygroup.com to get more property information and enter the bidding process. The individual with the highest bid price at the conclusion of the auction will be awarded the property.
“We felt this home auction served two purposes,” said Joshua Host, CEO of Stone Equity Group. “Help a family in need of housing get a jump start on the new year while donating the proceeds to an outstanding organization dedicated to providing our youth every opportunity to succeed in life.”
The Boys & Girls Clubs of Capistrano Valley is a non-profit, public benefit corporation and Orange County's newest Boys & Girls Club. The local chapter sprung from a 1991 community-wide discussion by concerned community leaders and activists who recognized the lack of affordable after-school programs and the need for a dedicated facility for the youth in Capistrano Valley. “Young people need to know that someone cares,” said James Littlejohn, Executive Director Boys & Girls Clubs of Capo Valley. “Our goal is to promote and enhance a young person’s overall sense of well-being, power, usefulness and influence, by creating a safe place to learn and grow -- all while having fun.” Currently, the club’s state-of-the-
The SEG home auction is a “no reserve” auction. At the conclusion of the home auction, the winner will be required to pay the full bid amount within 72 hours (by Monday, January 11). Upon receipt of payment, SEG will send the winner a “Quit Claim Deed” listing them as the new owner of the property. Payment can be in the form of a credit card, cashier’s check or wire. Checks should be made out to “Boys & Girls Clubs of Capistrano Valley”. Please note that the property is being sold in “as is” condition and bidders are encouraged to do their due diligence on the property prior to bidding.
About Stone Equity Group
Stone Equity Group specializes in assisting busy professionals build profitable real estate portfolios in changing markets. Over the years, SEG has built relationships with banks and large lending institutions to help liquidate non-performing assets. These relationships have allowed SEG the opportunity to develop the SEG REO Program, which gives SEG clients the opportunity to buy foreclosured homes, properties and REOs for pennies on the dollar.
Stone Equity Group was recently awarded the distinction as the 2nd Fastest Growing Private Company in Orange County, CA.
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