Foreclosure Properties

The Real Estate Disposition Corporation REDC, which was established in 1990, runs US Home Auction which maintains listings and runs property auctions. These auctions are for real estate properties that have gone through foreclosure or sheriff’s sale. The types of properties that go to auction are single family homes, condominiums, townhouses, and residential multi-units. There are auctions regularly throughout the year all around the country. REDC US Home Auction also works with lenders who will pre-qualify you for a loan before the auction date.

Before attending and bidding at auction day at ushomeauction.com, you should make preparations. You should obtain a listing of the properties available and determine which ones you are interested in. Before the auction date, you should visit and inspect each and every property that you might bid on. Bring a contractor to help you inspect and evaluate the property. Read any disclosure documents on the property. Remember that all properties are not available for inspections or walk-through after the auction day. Contact lenders and get pre-qualified for loans before heading to the auction if necessary.

If you are ready to attend an US Home Auction by REDC, make sure you register ahead of time with the free and easy process. In preparation for the auction, there are many items that you should plan to bring with you. To facilitate the documentation process if you were to purchase a property, you should bring your tax return documents form the last two years and the last thirty days worth of pay stubs as a proof of income and income history. You should bring forms of government issued identification such as driver’s license or passport. You should bring a $5,000 cashier’s check or cash made payable to your name, as well as a checkbook and the sufficient funds to put down 5% deposit.

If you have a broker or real estate agent, they are welcome to attend the auction and advise you throughout the event. Make sure they register before the day of the event as a broker and check in at the event, and they will receive a 1% commission from REDC USHomeAuction by helping you through the documentation process.

REDC is committed to providing both buyers and sellers a competitive and fair marketplace medium in which to trade real estate property assets. They help facilitate the process to ensure fair market value and price. To date, REDC US Home Auction has sold over $3,000,000,000 ($3 billion) in real estate properties and assets. REDC operates out of Irvine, California.

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