Real Estate Auctions sweeping across U.S.

Real Estate auctions like this one in Boston are becoming weekly events in many American cities. The auctions are being held by a company called Real Estate Disposition Corp.

The Company holds the titles to thousands of American homes which have fallen victim to foreclosure in the past couple of years.

Over the next month, Real Estate Disposition plans to auction almost 1,000 houses in Houston, Dallas, Phoenix, and Las Vegas. And the Company says it sees demand continuing unabated for at least two years.

You can read more on this story in this Boston Globe story.