REDC of Irvine, which has been doing a swift business in selling distressed homes, plans to enter the whole loan auction market, focusing on non- and sub-performing mortgages, and other note types.

The company also may enter the origination space. A spokesman for REDC, known formally as Real Estate Disposition, confirmed the auction company's loan sale plans. REDC bills itself as the world's largest real estate auction company.

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