During September, innovative real estate auction website RealtyBid.com will spotlight the state of California by auctioning more than 250 lender-owned California properties at bargain prices. In the face of skyrocketing foreclosures nationwide, many national lenders are looking to RealtyBid.com’s online auction platform to expedite the sale of their post-foreclosure home inventories. Certainly, lenders holding California foreclosure properties are no exception. In fact, a recent industry report stated that in July, California foreclosure filings were up 289 percent from the same period last year, the most foreclosure filings of any state for the seventh month in a row.

Web site: http://www.realtybid.com/

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Posted: 09|6|07 at 3:15 pm. Filed under: US Auction News.