Bank Owned

REDC Results and My Opinions

My opinions of the whole REDC Auction experience-
I tracked all of the auction selling prices and compared those numbers to what the properties were listed for on the MLS prior to the REDC Auction.

Day of REDC Auction in Reno

I arrived at the REDC Auction early so I could get my questions answered and prepare for the auction. To check in I showed my registration form and identification along with the required cashiers check for $2,500. REDC had plenty of staff and the process took less than 5 minutes. While registering I needed an answer to a question about a lien on a property. They put me in touch with a REDC Representative who did not know the answer, but said she would check on it and get back to me. After a quick 10 minutes she came back and found me in the crowd with the answer to my question.

Days Leading to REDC Auction

6.30.09
You will need to register with REDC to attend one of their auctions. Registering is free and easily accomplished by using the online registration form.

REDC may change the starting bid or information about particular properties and the best way to keep up with any changes is to check back with the website regularly. As an example, the property I was interested in was first listed as having a starting bid of $39,000 that changed two days before the auction to $19,000.

REDC Foreclosure Auction

6.29.09
Spent 4 hours yesterday in Reno, NV at the Real Estate Disposition Company (REDC) Auction for properties going to auction in the Reno area.

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