Auction

RealtyBid.com Auctions 1,500 REO Homes 

RealtyBid.com, an online auctioneer since 2001, will auction 1,500 REO properties in the month of September. One major lender valued the wide-ranging types of homes at more than $142m. That total will be added to $450m worth of property auctioned since the start of 2009, a 26% jump from the same date in 2008, according to a corporate release. The September auction offers properties from nearly every state, and their ability to offer bargain pricing attracts opportunistic bidders, says Mike Keracher, the company’s vice president.