RealtyBid.com plans to auction nearly 1,500 real estate owned properties this month. Taken together, the properties are valued at more than $142 million, and they are all from one major lender, RealtyBid.com says.
The auction site's executive vice president, Mike Keracher, says homes in ‘almost every state’ will be up for bidding. Tony Isbell, RealtyBid.com's CEO, says 2009 is on pace to be the company's most successful year in terms of total home sales.
Through the first eight months of the year, RealtyBid.com auctioned $450 million worth of property, primarily foreclosed homes.