REDC Announces Largest Foreclosed Home Auction in U.S. History

. January 3, 2008

Industry leader Real Estate Disposition Corporation (REDC) is pleased to announce a five-day public home auction in Southern California between January 26th and February 10th, 2008. Over 1,000 homes are up for sale with starting bids as low as 40% of the previously valued price. This is thought to be the largest foreclosed home auction in U.S. History.

REDC will be conducting the following auctions in the Southern California area at 9:30 AM:

San Diego area properties – Saturday, Jan. 26, San Diego Convention Center

Los Angeles area properties – Sunday, Jan. 27, Los Angeles Convention Center

(Two Auctions At The Same Time! Two concurrent auctions taking place in adjacent rooms)

Orange County area properties – Saturday, Feb. 2, Anaheim Convention Center

Pomona area properties – Saturday, Feb. 9, Pomona Convention Center

Riverside area properties – Sunday, Feb. 10, Riverside Convention Center

“I encourage anybody who’s serious about buying a home to attend these auctions in particular,” says Jeffrey Frieden, CEO of REDC. “With over 1,000 homes to be auctioned, first-time buyers, families and investors can buy homes at rock bottom prices. Interest rates are at historic lows and we have excellent financing options. The majority of these homes are lender foreclosures. In addition, we will have 13 brand new homes. The lenders and builders who own these homes must sell them all immediately. You won’t find more motivated sellers anywhere.”

Individuals interested in purchasing a home or investment property are highly encouraged to attend one of the open house inspection days on January 12th, 19th and 20th from 10:00 AM to 5:00 PM. A list of available properties can be found on USHomeAuction.com. There will be a bonus 4th open house date on February 2nd from 10:00 AM to 5:00 PM for homes being sold in the Pomona and Riverside Auctions.

Pre-Registration, detailed property information and important bidder information can be found online at www.USHomeAuction.com or by calling 800.793.6107, Monday-Friday 5:00 AM to 8:00 PM and Saturday-Sunday 7:00 AM to 6:00 PM. Those who plan on attending the auction can also jump-start the home buying approval process by pre-qualifying with their own lender or the auction company’s preferred lender. REDC’s preferred lenders provide easy financing at today’s low rates.

ABOUT REAL ESTATE DISPOSITION CORPORATION

Real Estate Disposition Corporation (REDC) was established in 1990 and is a leading Real Estate Auction Marketing firm in the foreclosed real estate auction industry. REDC has established a dominant position by selling over $1 billion in Real Estate assets since May 2006. REDC and its affiliates operate from their 60,000 square-foot national headquarters in Irvine, California, with additional offices and over 350 full-time employees throughout the United States.

Category: Auction News

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