Auction.com in the news

AUCTION.COM IN THE NEWS

Auction.com In the News

How Does a Transparent Foreclosure Marketplace Protect Distressed Homeowners?

Over the past five years, Auction.com foreclosure sales have generated more than $1.2 billion in surplus funds. This happens when a property sells at foreclosure sale for more than what the borrower owes on the property. 

“More competition gives each foreclosure sale a better chance of generating surplus funds,” said Auction.com VP of Market Economics Daren Blomquist. “Nearly half of all Auction.com foreclosure sales generated surplus funds in 2019 — a new record high. The average surplus was more than $34,000.” 

Learn how a transparent marketplace of 6.3 million potential buyers protects distressed homeowners and potentially uncovers hidden home equity by watching the latest episode of Disposition Download.