Auction.com is an online marketplace focused on the sale of residential bank-owned and foreclosure properties via online auctions and in-person auction events. The platform maintains an inventory of roughly 30,000 properties and offers supportive services for its customers.
Auction.com was originally founded in 2007 and is headquartered in Irvine, California, maintaining regional offices across the country.
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Chronically distressed properties lost more than $7,000 in total home equity on average while cycling in and out of foreclosure, according to an Auction.com analysis of more than 80,000 properties scheduled for foreclosure auction multiple times in the last three years. The chronically distressed properties cycled in and out of foreclosure for an average of […]