Irvine, CA (Vocus) March six, 2010
Home foreclosure auction sales are red-hot throughout the U.S.

Actual Estate Disposition, LLC, (REDC), the nation’s leading true estate auction company, has auctioned a U.S.-major 5,705 properties for $ 322 million so far this year as it rolls into Atlanta to auction 250+ foreclosures at Cobb Galleria Saturday March six at 9:30 a.m.

“2010 is the year of the foreclosure,” REDC CEO Jeff Frieden says, referring to the three to seven million foreclosures that are hitting the market this year, doubling the quantity from 2009. “The marketplace is white hot. The demand is there along with the inventory.”-

To see all the properties up for auction, go to REDC’s internet website, http://www.Auction.com. The public might register online for the auction. REDC also conducts industrial and notes auctions, which can also be reviewed at http://www.Auction.com.

Here are some of the best offers in the ATL auction:

647 Hwy 279 Fairburn, GA 30213 5600 sq ft home previously valued at $ 678K that will have a startling bid of $ 99K

613 Chimney Oaks Mableton, GA 30126 3619 sq ft property previously valued at $ 510K that will have a startling bid of $ 149K

4997 Dovecote Trl Suwanee, GA 30024 3864 sq ft home previously valued at $ 455K that will have a startling bid of $ 99K

844 Cross Fire Ct Nw Marietta, GA 30064 3733 sq ft house previously valued at $ 425K that will have a startling bid of $ 149K

The dismal state of foreclosures in Georgia and the U.S. is staggering. The State Foreclosure Prevention Functioning Group, which is made up of state banking regulators and attorneys general, released a report that reports, “Despite efforts of servicers, home owners, and the government, the foreclosure crisis continues to worsen. These signs point to far more foreclosures in 2010 than in 2009.”

In response to the millions of foreclosures hitting the market, REDC ramped up operations to auction bank-owned residential residences and condos, commercial buildings and notes in a lot more than 47 states, each in live auctions and on the web. REDC is conducting a record 88 auctions in a 42-day span.

Thousands of these foreclosures will modify hands through REDC’s auctions, which directly impacts the regional and national economy by helping to reduce the ramifications of one more financial crash. REDC auctions have emerged as a hot new trend in house acquiring and investing, regardless of whether it’s residential, commercial actual estate or notes.

Market authorities refer to these new foreclosures as “shadow inventory” resulting from delays via a range of indicates, which includes national and state moratoriums, loan modifications, legal squabbling, re-defaults and bank issues. There is fear that the avalanche of new foreclosures will trigger an additional economic crisis.

Considering that its launch in 1990, REDC has helped tens of thousands of households and people acquire residences for affordable rates by means of its unique auction approach, establishing the business as the international leader in actual estate auction marketing and advertising.

REDC’s genuine estate auctions have gained tremendous appeal and reputation amongst buyers and sellers in todays industry, Frieden says. In truth, the real estate auction market now plays a major role in house sales in the U.S. As a result, REDC has helped make auctions a preferred decision more than traditional, time-consuming and high-priced genuine estate sales approaches.

REDC’s headquarters are in Irvine, California with offices in Dallas, New York and London.

Speak to:
Rick Weinberg
REDC Communications
949-639-3558
rickw(at)redcgroup(dot)com
http://www.redcgroup.com
http://www.auction.com

###





