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Wed May 23, 2012
The Real Estate Disposition Corporation (REDC), an affiliate of LandAuction.com, Inc. and NRP Holding Co., raised nearly $100,000,000 during its 3-day live auction event in Irvine, CA.
Ninety-five percent of all REO properties were sold to the 4,000 registered bidders who attended, in what was considered to be the largest residential REO auction in U.S. history.
According to the Chairman of REDC, Rob Friedman, $40 million was raised on one day alone.
“To say the word ‘success’ is an understatement,” said Friedman. “Hitting ninety-five percent sold…shows that we brought the right people to the action, and plenty of them.”
Upcoming REDC auctions will be held in Northern California, Atlanta, Denver, Houston and another round in Southern California. Specific dates can be viewed at www.USHomeAuction.com.
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