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REDC Sees Record Sales In Southern CA Auction.
Irvine, CA -- Real Estate Disposition Corp. sold over $217 million in what the company calls a historic five-day Southern California foreclosed home auction event.
The company said nearly 100,000 visited the four open houses, yielding 15,000 registered bidders and over 20,000 auction attendees.
REDC successfully sold over 800 homes, hitting 98% of reconciled market value, the company said, and the sale eclipsed its previous record, set in August 2007, when $150 million in foreclosed homes were sold.
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Source: HighBeam Research, REDC Sees Record Sales In Southern CA Auction.