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REDC Sells 1,100 Southern California Foreclosed Homes for Over $200 Million in 10-Day Auction Event

IRVINE, Calif., Aug 29 /PRNewswire/ -- Industry dominator Real Estate Disposition Corporation (REDC) reports yet another astonishing auction sales record of foreclosed homes, this time inSouthern California. From August 16th through August 26th, REDC held 10 auctions grossing just over $200 Million in sales fromSan Diego toSanta Barbara. Each auction date saw 600 to 3,000 bidders attend the auction for a total of 16,321 bidders!

(Photo: http://www.newscom.com/cgi-bin/prnh/20080829/LAF521)

"There are buyers in today's real estate market, they just want a little control over how much they're willing to pay," says Jeffrey Frieden, CEO of REDC. "That is one of the main benefits the auction delivers: you bid what you think the property is worth to you! REDC is the only auction firm that continues to bring a large selection of quality foreclosed homes to the auction block," continues Mr. Frieden. "This is our seventh largeSouthern California auction and our resources, operations and marketing muscle work together to turn thousands and thousands of these houses back into homes. It's a buyer's market and today's buyers are finding their homes at REDC's auctions."

The 10 largest foreclosed home auctions in US History -- ALL REDC AUCTION EVENTS:

    1.  Southern California  Apr 2008  11 Days 1,130 Homes Sold $254.5 Million
    2.  Southern California  Jan 2008   5 Days   810 Homes Sold $216.6 Million
    3.  Northern California  Apr 2008   9 Days 1,041 Homes Sold $203.9 Million
    4.  Southern California  Aug 2008  10 Days 1,098 Homes Sold $200.6 Million
    5.  Northern California  Feb 2008   7 Days   764 Homes Sold $179.1 Million
    6.  Southern California  Jun 2008  10 Days   862 Homes Sold $175.8 Million
    7.  Southern California  Aug 2007   4 Days   439 Homes Sold $144.9 Million
    8.  Northern California July 2008   5 Days   644 Homes Sold $116.7 Million
    9.  Southern California  Oct 2007   4 Days   418 Homes Sold $116.4 Million
    10. Southern California  May 2007   3 Days   252 Homes Sold $100.0 Million

More information on upcoming REDC foreclosed home auctions can be found at http://www.UsHomeAuction.com.

ABOUT REAL ESTATE DISPOSITION CORPORATION

Real Estate Disposition Corporation (REDC) was established in 1990 and is the leading Real Estate Auction Marketing firm in the country. REDC has established a dominant position by selling over $3 billion in Real Estate assets since May 2007. REDC and its affiliates operate from their 60,000 square-foot national headquarters inIrvine, California, with additional offices and over 350 full-time employees throughoutthe United States.

CONTACT: Michael Jansta

PHONE: (949) 699-3249

EMAIL: MichaelJ@redcgroup.com

SOURCE Real Estate Disposition Corporation

Tags: ,FIN,RLT,RLE,CA-REDC-Sells-1,100

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REDC Sells 1,100 Southern California Foreclosed Homes for Over $200 Million in 10-Day Auction Event