Industry NewsTechnology

REDC relaunches Auction.com

Company paid $1.7M for domain last year
Published on May 17, 2010

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by CareyBot

Auctioneer Real Estate Disposition Corp. has relaunched the Auction.com website to handle the increased volume of online auctions for foreclosed homes, commercial properties, land, and performing and nonperforming notes, the company said.

REDC, which bought the Auction.com domain in March 2009 for $1.7 million, said in a press release that the site has been redesigned to support 500,000 monthly unique visits. The site allows users to register for auctions, submit pre-auction bids, and participate in online auction events.

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