REDC to Auction 95+ Kansas City Foreclosed Properties Irvine, Calif. -- December 4, 2008 -- More than 95 foreclosed homes throughout the Kansas City area will be auctioned December 8 at the Kansas City Convention Center by REDC, the nation’s largest real estate auction company, which has auctioned more than 23,000 foreclosed homes this year alone.
“This is a great buyers market, making it the perfect time for the public to get great deals on properties at our auctions,” says REDC CEO Jeffrey Frieden. “We have a huge selection of wonderful homes and we help buyers through each and every step of the process, ensuring a great experience and an effortless purchase."
The auction begins at 6:30 p.m. Registration is 5 p.m. The auction will be held in Room 2501 A. The Convention Center is located at 13th St. in Kansas City. The public is encouraged pre-register for the auction online at www.auction.com or by calling 800-793-6107. Financing is available right at the auctions with down payments as low as 5%. REDC also offers free loan pre-qualification through preferred lenders. Details can be found at www.Auction.com. To see all the homes in the auction, visit www.auction.com. Auction properties will be open for viewing and inspection on December 6 from 11 a.m. to 4 p.m.
“With today’s low prices and low interest rates, it’s an ideal time to buy a home,” Frieden says. “If you’re thinking about buying, you can’t find a better combination than low prices and low interest rates.
While it’s troubling that people have lost their homes through foreclosure, others are realizing their dream of owning a home through the auction process, Frieden points out.
“This is the bright side of today’s market,” he says. “We turn these houses back into homes.”
With the enormous number of foreclosed homes available nationwide, the banks and lenders who own them are pulling out all the stops to get the properties off the books and back into private hands, and they are turning to REDC to sell the properties at rock-bottom auction prices. “We work with the largest financial institutions in the nation to liquidate their foreclosed home inventory,” Frieden says. “The banks are very motivated to sell these properties and get them back in the hands of home buyers and investors, so expect to see some rock-bottom auction prices.”
“Auctions are the only way to buy real estate where the pricing starts at the bottom and works its way up,” he adds. “The auction is the only buying alternative where you can set your own price. That’s why we continue to see amazing deals at our auctions, one after another.” About REDC REDC was established in 1990 and is the leading Real Estate Auction Marketing firm in the country. REDC and its affiliates operate from its 60,000 square-foot national headquarters in Irvine, California, with additional offices and more than 350 full-time employees throughout the United States. For more information, visit www.auction.com
CONTACT:
Rick Weinberg
Public Relations Manager
direct: (949) 639-3558
cell: (949) 648-3815
RickW@redcgroup.com |
