Real estate foreclosure auctions ‘booming’

Real estate auction sales have climbed 10 percent year-over-year since 2000, according to CNNMoney.com report, and the numbers continue to rise (14 percent in the first quarter of 2010) as the housing inventory keeps piling up. It’s a billion dollar business … $17 billion in 2007 alone, to be precise. And that figure, too, will likely [...]...