Similar Stories to Area’s Foreclosed Homes Sell Briskly, For Less, At Auction on Bing News

A pair of out-of-town auction giants sold 190 more foreclosed homes in Sacramento on Sunday, earning $21 million for lenders that repossessed them for lack of payments, the firms said Monday. Irvine-based Real Estate Disposition Corp. said it sold 162 Sacramento-area homes for $17.1 million. It was the latest event in a series of nine company auctions since June 2007 that have sold 1,912 capital-area foreclosed homes for $261.4 million, said REDC spokesman Rick Weinberg. The firm's high-energy Sacramento auctions, attracting an estimated mix of 70 percent owner-occupant buyers and 30 percent investors, have pulled in $66.9 million for lenders in 2007, $158.7 million in 2008 and $35.8 million so far in 2009, said Weinberg. Sunday, Dallas-based Hudson & Marshall also sold 30 capital-area homes for $4 million.

BING NEWS:
  • How to Buy a Foreclosed Home
    As home prices soar in many cities, buyers may look to foreclosures to land bargains on houses. Foreclosure happens when a borrower can no longer make mortgage payments, and the lender seizes and then ...
    05/1/2024 - 2:59 am | View Link
  • Who Cleans Out Foreclosed Homes?
    Per ATTOM, foreclosures in 2023 represented 0.26% of U.S. housing. One thing to keep in mind when it comes to foreclosures: the dirty job of cleaning them out.
    04/22/2024 - 3:30 am | View Link
  • Discover Real Estate
    (ad) Situated in one of San Francisco’s most desirable neighborhoods sits a luxury building with two separate residences and a beautifully appointed ADU.
    10/23/2020 - 10:09 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News