I just saw on TV an advertisement for the REDC lender foreclosed internet auction that will be starting on 9/21. Has anyone looked into this? Any info. would be appreciated!!
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I just saw on TV an advertisement for the REDC lender foreclosed internet auction that will be starting on 9/21. Has anyone looked into this? Any info. would be appreciated!!
The REDC is one of the major auction companies that sell REO bank owned properties. Their website can be found as follows:
http://www.auction.com/
They have properties listed by state. All the information regarding the properties and auction can be found on their website. In a nutshell, they have open houses usually a week or 2 before the auction. You need to register for the auction if you plan on bidding. If you attend an auction in person you also need a deposit for each property that you successfully bid on. The website should give you all the information you need. Even if you do not b id, it is fun to attend and see how the process works. Also it gives you a great opportunity to network with other investors that are attending the auction to bid. These other attendees could be your fuutre buyers. Good luck with the auctions. Believe and Achieve!
- Joe
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