What's Hot: RFK Stadium Cleared For Demolition | Airbnb Unveils Icons
National Real Estate Auctioneer Returns in 3 Weeks
REDC, the company that holds real estate auctions of distressed properties all over the US, is coming back to DC in a few weeks. On Saturday July 25th at the Grand Hyatt, 248 properties will be auctioned off. The full event details are here.
The exact list of properties to be auctioned is always something of a moving target, with changes to the final list made right up until the day of the auction. But as it stands right now, 39 of the properties are in DC, 89 are in Virginia, 109 are in Maryland, and 11 are in Delaware.
See the full list here.
According to the REDC representative with whom we spoke, a Saturday auction usually includes around 200 properties. So with 248 properties already on the list, it’s possible the auction could be split across two days if many more are added.
This auction is conspicuously smaller than the last time REDC was in the area this past March. Then it sold over 800 properties at five separate auctions in DC, Baltimore, Portsmouth, and Richmond. One wonders if the smaller size of this upcoming auction is the result of a declining amount of foreclosed properties in the DC area.
To get a sense of what the auction might be like, see our previous coverage of REDC’s March event:
- REDC Hosting Housing Auction in DC
- Winning Bids from Yesterday’s Huge Foreclosure Auction in DC
- Foreclosure Auction Offers “Good” Deals, Not Great
This article originally published at https://dc.urbanturf.com/articles/blog/national_real_estate_auctioneer_returns_in_3_weeks/1096.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The term "luxury" has been applied broadly in the housing market, but a new report ai... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro