REDC is a Real-estate auction company out of California mainly used for Foreclosed properties throughout the US. All auctions have a reserve. You register, and have to put a deposit down using credit card before bidding on a property. If you are the highest bidder, and reserve isn't met or exceeded... They will call you after auctions ends and tell you won the piece of property, congratulations! If you question them that how can that be so if reserve isn't met. 90% of the time the bank takes the offer, they will tell you. They... read full review »