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.
Area’s Foreclosed Homes Sell Briskly, For Less, At Auction
jwasserman@sacbee.com (Jim Wasserman), Sacramento Bee: Business
Tue, 04/21/2009 - 12:00am
Topics: irvine-based real estate disposition corp sacramento-area rick dallas-based hudson radisson hotel wright amador el dorado nevada placer sutter yolo yuba mda dataquick redc cal expo prices dave webb sacramento june weinberg hudson marshall northern california auction foreclosed homes million sold event firm sunday lenders years payments company series average foreclosure percent capital-area
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
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more