The Real Estate Advocate attends a REO Auction

By
Real Estate Agent with Real Estate Advocate

Real Estate Advocate Auction Calendar The Real Estate Advocate attended a REO auction of foreclosure properties in Denver.

It was phenomenal.

REDC auctioned over 170 properties and the place was pumping with energy.

I estimate that there was over 1000 people in attendance, all with the look you only see in people hunting a bargain. The vast majority of bidders were clearly homeowners although I recognized a a small smattering of real estate investors, including a few big fish.

I tracked the sale price of each property because I want to know if a real estate investor can really get a deal at a REO auction.

For a copy of my findings, send me a PM.

Comments (5)

The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

May 18, 2008 05:45 AM
Kirk Westervelt
Van West Realty - Greenville, SC Realtor -Short Sale Expert! - Greenville, SC
Kirk Westervelt, Broker In Charge, Van West Realty - CDPE - Short Sale Agent - Home for Sale - Greenville, Simpsonvil...

Hi Ross,

Sounds like a great auction!

Thanks for the update and welcome to Active Rain!

May 18, 2008 01:50 PM
Bill Kennedy
Keller Williams Realty - Greenville, SC
Homes For Sale Greenville SC

Hey Ross,

Welcome to Active Rain!  This is a great community for learning as well as sharing.  Check out some groups, and go read blogs from all over.  Watch out though - it's addictive!

I look forward to reading your future posts.  Again welcome!

May 18, 2008 03:20 PM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post. 

I hope you will look into the many groups as there are some great group both local and broad based,.... 

enjoy!

May 20, 2008 11:30 AM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post. 

I hope you will look into the many groups as there are some great group both local and broad based,.... 

enjoy!

May 20, 2008 11:31 AM