Auction.com Announces $2 Billion Online Property Auction

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Real estate auctioneer and loan sales advisor Auction.com recently announced its upcoming online auction of over 325 non-performing notes and commercial REO properties located throughout the Southeastern United States.

Irvine, Calif—Real estate auctioneer and loan sales advisor Auction.com recently announced its upcoming online auction of over 325 non-performing notes and commercial REO properties located throughout the Southeastern United States, the largest online auction of commercial real estate to date for the company.

The online auction for properties and collateral spans over 18 days, beginning on September 19, 2011 and concluding on October 6, 2011. The properties include multifamily, mobile home parks, retail, mixed-use, hotel, land, self-storage, office, industrial and special-purpose assets. Starting bids range from $500 to $10.5 million.

The online auctions are currently comprised of 151 assets in Florida, followed by 98 in Georgia, 38 in North Carolina, 16 in Tennessee, 13 in Alabama, 14 in South Carolina, seven in Virginia, five in Mississippi and two in both Kentucky and Maryland.

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