Foreclosures Mount in Southeast as Nation's No. 1 Real Estate Auction Company Rolls into Charlotte Sunday For 4-Day, 6-City Auction Campaign Featuring 550+ New Foreclosur

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Auctions geared to fuel local economy

When a house sits vacant, no one is paying a mortgage, property taxes, nor gas, electric and water bills -- all of which hurts the local and national economy. But when REDC put a family into a home, they're paying a mortgage, property taxes, gas, electric and water bills, and they're creating jobs by hiring landscapers, painters and electricians - all of which fuels the economy.

Foreclosures Mount in Southeast as Nation's No. 1 Real Estate Auction Company Rolls into Charlotte Sunday For 4-Day, 6-City Auction Campaign Featuring 550+ New Foreclosures

Auctions geared to fuel local economy

Irvine, CA -- What will this foreclosed Atlanta area castle once valued at $869,430 sell for at auction on Saturday? Or this 7,860 square foot area mansion once valued at $670,000?
Atlanta homebuyers and investors will be bidding on these foreclosed mansions – and other half-million-dollar foreclosures -- as REDC, the nation's leading real estate auction company, rolls into Atlanta on Saturday for the first of a huge 4-day, 6-city auction series that features 550+ new foreclosures in Georgia, No. Carolina, So. Carolina, Alabama, Mississippi, and Tennessee. Media is welcome. The auction is 9:30 a.m. at Georgia International Convention Center.
The auctions are geared to fuel the local economy and turn houses back into homes. This is the 18th auction REDC has conducted in Georgia and the Southeast this year. The last one was mid-June, when it auctioned 733 foreclosures for $20.8 million. In all, $67 million has been spent on Georgia and Southeast foreclosures this year.
“Interest in foreclosure auctions – live and online – is skyrocketing in Georgia, the Southeast and across the nation,” says REDC CEO Jeff Frieden. Overall this year, REDC has auctioned more than 20,000 properties for nearly $900 million.
“The auctions will fuel the economy in Georgia, No. Carolina, So. Carolina, Mississippi and Tennessee,” says Frieden. “When a house sits vacant, no one is paying a mortgage, property taxes, nor gas, electric and water bills -- all of which hurts the local and national economy. But when REDC put a family into a home, they're paying a mortgage, property taxes, gas, electric and water bills, and they're creating jobs by hiring landscapers, painters and electricians - all of which fuels the economy."

Here is the complete Southeast auction achedule:

July 24, Georgia International Convention Center, 9:30 a.m.

July 25, Charlotte Convention Center, 9:30 a.m.

July 26, Raleigh's Holiday Inn Brownstone, 6:30 p.m.

July 26, Knoxville Convention Center, 6:30 pm.

July 27, Hyatt Regency Savannah (GA), 6:30 p.m.

July 27, Renaissiance Nashville, 6:30 p.m.

Rick Weinberg | Public Relations

Real Estate Disposition LLC| @REDCgroup.com
Direct/Fax: (949) 639-3558 / Mobile: (949) 648-3815

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Real Estate Disposition, LLC, One Mauchy, Irvine, CA 92618 United States

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