AUCTION.COM ACHIEVES $453M IN SALES

by admin

IRVINE, CALIF. — Irvine-based Auction.com has reached $453 million in sales, with more than $600 million in Unpaid Principal Balances sold, in its recent online auction of Non-Performing Notes & Commercial REO Properties in the Southeast. The properties are located in Alabama, Florida, Georgia, Kentucky, Maryland, Mississippi, North Carolina, Tennessee and Virginia. Auction.com sold 187 assets on behalf of the 10 institutional clients who participated in the sale. Starting bids ranged from $500 to $10.5 million, and included multifamily, manufactured housing communities, retail, mixed-use, hotel, land, self-storage, office, industrial and special-purpose assets.

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