Real Estate Disposition Corp. (REDC) says it sold more than $112 million of collateral in the first two days of a five-day foreclosed-home auction event in Southern California.
More than 3,500 people attended the first event, at the San Diego Convention Center, while a crowd of 7,000 attended the subsequent auction at the Los Angeles Convention center.
‘More qualified bidders equal a higher percentage of inventory sold at top market prices,’ says Jeffrey Frieden, CEO of REDC. ‘There are home buyers are out there, if you know where to look.’
REDC has events planned on Feb 2. (Anaheim Convention Center), Feb. 9 (Fairplex at Pomona) and Feb. 10 (Riverside Convention Center). Information can be found at www.USHomeAuction.com.
