Banks Plan to Auction almost 1,200 houses

Banks plan to auction almost 1,200 houses

Published: Saturday, Apr. 4, 2009 - 12:00 am Page 6B
Nearly 1,200 more Northern California bank-owned homes are headed for the auction block during a five-day sale, the Real Estate Disposition Corp. in Irvine has announced.
An estimated 252 Sacramento- and Fairfield-area homes will be auctioned at 9:30 a.m. on April 19 at Cal Expo.
Another 205 homes in the Stockton, Modesto and Merced areas will be auctioned at 9:30 a.m. on April 18 in the Stockton Memorial Auditorium.
Open houses are scheduled today and Sunday from 11 a.m. to 4 p.m. A follow-up open house is scheduled for the same hours on Saturday, April 11, said REDC officials.
In 2008, the firm said it auctioned 32,799 bank-owned properties for $3.4 billion. Go to www.auction.com ("Upcoming Auctions") for details.

– Jim Wasserman