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Real Estate Disposition Corporation Announces Two-Day Public Home Auction of Southern California Luxury Communities

November 29, 2007

Industry leader Real Estate Disposition Corporation (REDC) is pleased to announce a two-day public home auction in Southern California on Tuesday, December 11 and Wednesday, December 12. Nearly seventy luxurious new condos must be sold in four communities in the Southern California area. The properties are open for viewing from November 17 through December 11: Monday-Sunday 10:00 a.m. to 5:00 p.m. Potential bidders require no appointments.

The Monterey Villas is a newly renovated condominium complex, located in Santa Ana, previously valued up to $404,900 offer up to 2 bedrooms, 2 baths and up to 1,036 square ft of living space. These condos feature private patios and balconies, walk-in closets, air conditioning and stainless steel appliances. Amenities of the community include a beautiful Olympic-sized outdoor pool, redwood sauna, BBQ pavilion, modern fitness center, clubhouse, tennis courts and a volleyball court.

The gated community of Pacific Pines, located in Torrance, offers condos previously valued up to $433,900 offer up to 3 bedrooms, 1.75 baths and up to 1,130 square ft of living space. The condos feature custom maple kitchen and bath cabinetry, GE appliances, and generously-sized closets. Amenities of the community include two heated pools, hot therapy spa, lush landscaping and tree-lined courtyards with barbecues.

Condos at The Lakes of Corona have been previously valued up to $360,000 and offer up to 3 bedrooms, 2 baths and up to 1,220 square ft of living space. Residents of the quiet and private community enjoy automatic membership to the prestigious Village Grove Community Association. Amenities of the community include resort-style swimming pool with lake views, versatile recreation center with tennis, basketball and volleyball courts, and are conveniently located next to the plush Brentwood Park.

Palmilla-Villa condos, located near UC Riverside, previously valued up to $294,900 offer up to 2 bedrooms, 2 baths and up to 974 square ft of living space. The condos feature five spacious floorplans with granite countertops, air conditioning, and much more. This community is conveniently located near many shops and restaurants and features a pool and spa.

Condos at The Lakes of Corona and Palmilla-Villas will be auctioned off on Tuesday, December 11 at the Riverside Convention Center in Riverside, California. Registration begins at 6:00 p.m. with the actual auction start time scheduled for 7:00 p.m.

Condos at Monterey Villas and Pacific Pines will be auctioned off on Wednesday, December 12 at the Long Beach Convention Center in Long Beach, California. Registration begins at 6:00 p.m. with the actual auction start time scheduled for 7:00 p.m.

Pre-Registration and important bidder information can be found online at www.REDCPublicSale.com or by calling 888-251-7332 Monday-Friday 10:00 a.m. to 5:00 p.m. and Saturday-Sunday 9:00 a.m. to 6:00 p.m.

Reese Freyer, a real estate broker who recently attended an REDC auction, said, “Buying at auction is a fantastic way to purchase a home. We were able to purchase a home approximately $35,000 below market value, so we were absolutely pleased. The financing was great. The one-step process was very easy and we did it all within a day.”

ABOUT REAL ESTATE DISPOSITION CORPORATION

Real Estate Disposition Corporation (REDC) was established in 1990 and is a leading Real Estate Auction Marketing firm in the foreclosed real estate auction industry. REDC has established a dominant position by selling over 1 billion dollars in Real Estate assets. REDC is an affiliate of LandAuction.com, Inc. and NRP Holding Company, Inc., whose subsidiary operations include National Recreational Properties and LandAuction.com. REDC and its affiliates operate from their 60,000-square-foot national headquarters in Irvine, California, with additional offices and over 350 full-time employees throughout the United States.




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