Auctioneer Notes Busy September

Online home auction company RealtyBid.com reports that its September sales figures increased by more than 211% over August and by 308% over September 2008.

The Web site announced in early September that it would be auctioning nearly 1,500 bank-owned properties during the month, drawing a record number of visitors to the site, RealtyBid.com says.

‘Year-to-date, September is, by far, our biggest sales month of the year, and it's our second-biggest sales month ever," says Tony Isbell, CEO.

Government moratoria on foreclosures earlier in the year kept the number of real estate owned properties available to buyers lower than expected during July and August, but now that the moratoriums have been lifted, the backed-up inventory is moving through, Isbell adds.

SOURCE: RealtyBid.com

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