Foreclosure Auction Offers "Good" Deals, Not Great
At this weekend's giant home auction at the Washington Convention Center, Real Estate Disposition Corporation (REDC) sold a slew of foreclosed homes in DC, Virginia, and Maryland to an estimated audience of 2,000 people. The fast-paced, six-hour bidding fest started at about 9:30am on Sunday and saw over 200 properties auctioned off to an audience of hopeful homebuyers and real estate investors. About 30 of those properties were in DC proper, while the remainder were mostly in Virginia with a smattering in Maryland.