1 minute readReal Estate Disposition’s (REDC) Auction.com will host an online foreclosure auction Aug. 3, encompassing more than 800 properties and homes in 45 states, according to a corporate release. The properties range from million-dollar estates to modest single-family residences and are open to public inspection on August 1 and 2. The bids begin August 3 and the auction ends August 9. “We created and designed this online platform for serious real estate buyers and investors that will maximize the benefits and profitability for banks, lenders and other financial institutions in the real estate sector,” says REDC/Auction.com chairman Robert Friedman. REDC sold more than $5.5bn in distressed real estate assets in the last two years. Last weekend alone, more than $43m in homes sold at four REDC/Auction.com foreclosed home auctions in Chicago, Atlanta and Washington, D.C. In total, 542 foreclosed homes sold in front of 3,200 bidders. Write to Jon Prior.
Jon Prior was a reporter with HousingWire through late 2012.see full bio
Most Popular Articles
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Jon Prior was a reporter with HousingWire through late 2012.see full bio