The distressed housing market was recently tested during the housing crash, which created defaults in mortgage loans of unprecedented proportions and a historic surge in the amount of foreclosures. Traditional methods to deal with unpaid loans have been widely used, such as courthouse auctions, the bank real estate owned (REO) process, and the short sale process.
Auction.com has a new system to dispose of these properties which uses the internet to expand the property’s awareness to potential buyers by “bringing buyers and sellers together with an easy, transparent platform.”
Yet is this method truly profitable? To find out, Auction.com asked Beacon Economics to provide an assessment of the properties that have been listed on Auction.com.
Publisher: Auction.com
Date: August 2014
Format: White Paper
