SOURCE: RealtyBid.com

RealtyBid.com

September 02, 2009 08:05 ET

RealtyBid.com to Auction 1,500 Foreclosures Valued at $142 Million in September

Online Home Auction Leader on Track for Another Record Year of Internet Sales

RAINBOW CITY, AL--(Marketwire - September 2, 2009) - September is going to be a month of unbelievable opportunity at RealtyBid.com for real estate investors and home buyers. During September, RealtyBid.com will auction nearly 1,500 REO properties (post foreclosures) valued at more than $142 million from one major lender.

The type of homes offered on RealtyBid.com during September will be wide ranging, said RealtyBid.com Executive Vice President Mike Keracher. "We will auction properties from almost every state and are able to offer a wide array of homes. The underlying factor that links them all together is the bargain price at which they will all be sold. Our seller is motivated, and that means huge opportunities for our bidders."

September's property bonanza is nothing new for RealtyBid.com. Through the first eight months of 2009, RealtyBid.com auctioned $450 million worth of property, primarily foreclosure homes. Additionally, the website's home sales numbers are up by more than 26 percent year-to-date over 2008, which was itself a record-breaking year for the website.

RealtyBid.com CEO Tony Isbell said, "We've sold more homes at this point in the year than in any previous year. We have a consistent inventory of bank-owned homes up for bid at tremendous discounts. Our bidders know they don't have to wait for special events on RealtyBid.com. At almost any time, they can find properties of interest to them on RealtyBid.com. Plus, the ease-of-use and transparency of our online real estate auction system gives bidders confidence in their decision to bid on our site."

About RealtyBid.com

Thousands of homes are available each month on www.RealtyBid.com from the nation's largest lenders, builders and real estate brokerage firms. Auctioning real estate exclusively online since 2001, RealtyBid.com utilizes technology to make real estate transactions more fun, less cumbersome and more cost effective for all parties. RealtyBid.com has sold more than 25,000 homes online and was ranked as the country's number one sales team in team transactions in both the 2008 and 2007 Lore Magazine/Wall Street Journal/Real Trends "Real Estate Top 200."

Contact Information

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    Daphne Shannon
    Marketing Director
    Email Contact
    (256) 549-4463