Real Estate Disposition Corporation Auctions 25 Brand New Studio City
Condominiums Totaling Over $10 Million in REDC's 25th Builder Liquidation
Auction of 2008
IRVINE, Calif., Aug. 27 /PRNewswire/ -- Real Estate Disposition
Corporation (REDC), the nation's largest real estate auction firm,
auctioned over $10 million of real estate this past Sunday, August 24th, in
what was one of the Los Angeles area's first builder auctions of new
properties since the 1990s.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080827/LAW035)
The auction event sold 21 two and three bedroom condominium properties
in less than 90 minutes to a packed house of prospective buyers at the
historic Sheraton Universal Hotel in Universal City, CA.
"REDC continues to prove that, with the right pricing and sales
platform, there are a multitude of interested buyers in today's market,"
says Keith McLane, President of REDC's builder division. "Through the use
of our proprietary auction marketing strategy and large customer database,
we are consistently able to match buyers with builders."
REDC's real estate auction program attracted over 2,000 open house
visitors and over 540 bidders to the auction event. Bidders were able to
view and inspect the homes during a 30 day open house period and REDC
helped facilitate the approval of FHA financing for the entire condominium
project. Winning bidders taking advantage of the FHA financing option could
purchase with as little as 3% down.
REDC's Builder Division works with builders and developers around the
country to provide auction marketing services and help sell and close
remaining inventory in today's stagnant real estate market. Over the course
of the past year, REDC's Builder Division has auctioned nearly $250 million
of real estate for builders in California, Nevada, Arizona, New Mexico,
Washington, Texas, Oregon and Florida.
ABOUT REAL ESTATE DISPOSITION CORPORATION
Real Estate Disposition Corporation (REDC) was established in 1990 and
is a leading Real Estate Auction Marketing firm in the distressed and
foreclosed real estate auction industry. REDC has established a dominant
position by selling over $3 Billion in Real Estate assets since May 2007.
REDC and its affiliates operate from their 60,000 square-foot national
headquarters in Irvine, California, with additional offices and over 350
full-time employees throughout the United States.
CONTACT: Michael Jansta
PHONE : (949) 699-3249
EMAIL: michaelj@landstaff.com
[Via Real Estate California]
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