Real Estate Disposition (REDC) will hold foreclosure auctions from coast to coast on Dec. 5-6. More than 600 foreclosed homes will be auctioned during the coast-to-coast series, which begins in Miami, Sacramento and Richmond, Virginia on Dec. 5. The Dec. 6 auctions take place in Orlando, Santa Clara, Calif. and Washington DC. All auctions begin at 9:30 a.m., and the Florida auction tour will finish in Fort Myers and Jacksonville on Dec. 7. The properties being auctioned include a 12,500-sq. ft. mansion in Boynton, Fla., previously valued at $2.2m. The opening bid will be $149,000. Another is a 4,695-sq. ft. mansion in Orlando, Fla. with a previous value of $1.25m, and the starting bid is $379,000. REDC has conducted 302 auctions this year, selling off 35,900 properties, including foreclosed homes and commercial and builder properties. REDC’s sales for 2009 reached $2bn. Write to Jon Prior.
REDC Holds December Coast-to-Coast Auctions
Most Popular Articles
Latest Articles
Indiana senator explains his inquiries into reverse mortgages
Sen. Mike Braun offered insights into his recent letter to Ginnie Mae and the potential need for more scrutiny of the HECM and HMBS programs.