Interest in foreclosure auctions – live and online – is skyrocketing in Northern California and across the nation
Irvine, CA (Vocus) July 25, 2010
What will this foreclosed 8,000 square foot Sacramento area mansion once valued at $1.9 million sell for at auction on Sunday? Or this 10-room mansion once valued at $1.4 million? Or this 11-room San Francisco flat with a starting auction bid of $149K?
NorCal homebuyers and investors will be bidding on these foreclosed million-dollar mansions – and many other half-million-dollar+ dwellings -- as REDC, the nation's leading real estate auction company, rolls into Sacramento to launch a 4-day, 4-city auction series that features 400+ new foreclosures in San Francisco, Sacramento, Santa Clara, Fresno and Modesto areas.
Media is welcome. Sunday’s auction is 9:30 a.m. at Sacramento Hyatt Regency, followed by Monday at Santa Clara Convention Center at 6:30 p.m., Tuesday at Fresno Convention Center at 6:30 p.m., and Wednesday at Modesto’s DoubleTree Hotel at 6:30 p.m.
The auctions are geared to fuel the local economy and turn houses back into homes. This is the 16th auction REDC has conducted involving NorCal foreclosures this year. More than $75 million has been spent on NorCal foreclosures this year; 900+ foreclosures have been auctioned.
“Interest in foreclosure auctions – live and online – is skyrocketing in Northern California and across the nation,” says REDC CEO Jeff Frieden.
Overall this year, REDC has auctioned more than 20,000 properties for nearly $900 million.
To see all properties in the auction, go to REDC's web site, http://www.Auction.com.
“The auctions will fuel the economy in Northern California,” 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 are other notable foreclosures in the auctions:
726 Banks St San Francisco, CA 94110 – 1509 sq ft property previously valued at $573K, starting auction bid $239K;
19 Hillview Ct San Francisco, CA 94124 – 2004 sq ft, starting auction bid $239K;
1360 Madison St Santa Clara, CA 95050 – 3190 sq ft 16 room property previously valued at $1.3M, starting auction bid $399K;
2693 W Bullard Ave Fresno, CA 93711 – 2833 sq ft 10-room property previously valued at $670K, starting auction bid $89K;
10452 N Woodrow Ave Fresno, CA 93730 – 1614 sq ft property previously valued at $310K, starting auction bid $69K;
2117 Noelle Ct Modesto, CA 95355 – 2090 sq ft property previously valued at $370K, starting auction bid $49K;
1521 Dezzani Ln Modesto, CA 95358 – 2313 sq ft property previously valued at $380K, starting auction bid $19K;
Rick Weinberg| Public Relations
Real Estate Disposition LLC
Direct/Fax: (949) 639-3558 / Mobile: (949) 648-3815