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Auction

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REDC Auctions $31.7m of Foreclosures Online 

Aug 27, 2009By

Auction.com, the domain name purchased by Real Estate Disposition (REDC), generated $31.7m in foreclosure sales in an online auction campaign. The auction offered 770 assets in 45 states and saw traffic from thousands of online bidders from August 3 through August 23. The properties auctioned ranged from million-dollar mansions to smaller single-family houses. “This was our most aggressive foray into auctions on a national level, and it was a tremendous success,” said REDC/Auction.com CEO Jeff Frieden.

3d rendering of a row of luxury townhouses along a street

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