Auction.com: Completed 3Q Foreclosure Auctions Up 16%

Auction.com, Irvine, Calif., said completed foreclosure auctions in the third quarter increased by 16 percent from the previous quarter and by 89 percent from a year ago to a new pandemic high.

Local Investors Drive Record Demand for Foreclosures

Auction.com, Irvine, Calif., reported more than three out of four distressed property buyers are local investors and nearly nine in 10 purchased five or fewer investment properties in 2020.