Florida homebuyers and investors spent $10.1 million on foreclosed properties Saturday at the World Center Marriott as 139 foreclosures were auctioned by Real Estate Disposition, LLC (REDC) before an overflow crowd of 625.
“We’re very pleased with the results from the auction,” says REDC CEO Jeff Frieden. “First-time homeowners and investors walked away with some incredible bargains, and the auction was a big boost to the local economy.”
The auction was Day 2 of REDC’s 6-Day, 8-City auction series featuring 1,500 foreclosures in Ft. Myers, Orlando, Miami, Ft. Lauderdale, Tampa and Jacksonville. More than $14 million has been spent thus far in the auction campaign. This year, REDC, the nation’s leading real estate auction company, has auctioned 2,485 Florida foreclosures in 30 auctions for $112 million.
Deals of the Day:
440 Briar Bay Cir Orlando, FL 32825 sold for $45,000 – 65% less than its previous high value $126,900;
7824 Whitemarsh Way Reunion, FL 34747 (3253 sq ft mansion) sold for $246,750 – 82% less than its previous high value $1.3M;
3442 Lake Tiny Cir Orlando, FL 32818 sold for $30,000 – 85% less than its previous high value $200,000;
2389 Locke Ave Orlando, FL 32818 sold for $35,000 – 72% less than its previous high value $122,790;
Overall this year nationally, REDC has auctioned 20,000+ foreclosures for $800 million.