Home Auctions – Coming Soon!

There is always money to be made on foreclosures, no matter the condition of the market. While many of the homes offered in this manner are not in great condition, are sold As-Is, and may not be available for inspection, if you know your area, a bargain can be had. It is not always easy to find bank repossessions and auctions in the Bay Area, but there is one company offering regular auctions in the Bay Area (as well as Sacramento and Modesto). Real Estate Disposition Corporation (REDC) will be holding an auction in Cypress Hall at the San Mateo County Event Center on Sunday June 24th, with all homes open for inspection on Saturday June 16th. This local auction includes 88 offerings of homes throughout the greater Bay Area. Several examples include:

351 Terminal Avenue, Menlo Park
2BR/1BA, 890 sf
Starting bid: $369,000
Value: $740,000

877 Myrtle Street, Oakland
3BR/2.5BA, 1225 sf, built in 1999
Starting Bid: $119,000
Value: $459,000

1181 Tropicana Lane, Brentwood (PICTURE)
4BR/2.5BA, 2246 sf built in 2006
Starting Bid: $379,000
Value $650,000

4765 Granado Avenue, Fremont
3BR/2BA, 1168 sf
Starting Bid: $339.000
Zillow estimate: $640,708

For Step-by-Step Instructions on how to participate, go here.

When: Sunday June 24, 2007
Where: San Mateo County Event Center 2495 S. Delaware St. San Mateo, CA 94403
Time: Registration Starts Promptly at 8:00 a.m. Auction starts promptly at 10:00 a.m.