FOR IMMEDIATE RELEASE

CLEVELAND, Ohio – June 1st, 2009 -- Realty Corporation of America announced today that it has scheduled an absolute auction for the property located at 3333 West 56^th Street in Cleveland, Ohio on Tuesday, July 7^th at 6:00 PM. This four bedroom, two full bath multifamily home has a newer roof, furnaces, windows and plumbing. The month to month tenant in the lower level takes care of the yard work and basic maintenance.

The West 56th property will be open for preview on the following days from 1-3PM, or by appointment by contact Chris Rosewell at 216-650-6596:

• Saturday, June 20^th and Sunday, 21^st

• Saturday, June 27^th and Sunday, June 28^th

• Sunday, July 5^th

• July 7^th, date of sale, the property will be open at 4PM and the auction will begin at 6PM

“Realty Corporation of America Auctions Services has seen explosive growth in our auction business” said Buddy Barton, Director of Auction Services for Realty Corporation of America. “We are launching our energetic marketing campaigns and looking forward to another successful real estate auction."

Realty Corporation of America also announced today that a comprehensive bidder package is available to anyone interested in receiving a copy. To learn more about this property, or to obtain a bidder packet, kindly contact the Realty Corporation of America Auction Information Center at (216) 522-0020 x 235. Additional information about the home and real estate auctions is available on the web at www.realtycorpofamerica.com.

“Our auctions are delivering results for our clients! Auctions are the fastest and most efficient way of selling real estate. Auctions create urgency on the part of buyers - a date of the sale establishes a clear point at which a buyer must decide if they want to buy a property. With traditional real estate listings, especially in soft real estate markets, there is less urgency on the part of buyers to make an immediate decision. In addition, our energetic and property-specific marketing campaigns capture the attention of qualified buyers throughout America. Finally, our flexible cost structure and willingness to entertain offers prior to the auction allows us to produce results for our clients” said Sarah Brewer, Director of Business Development and Realtor for Realty Corporation of America.

With Corporate Headquarters in the Historic Superior Building in Downtown Cleveland, Realty Corporation of America provides comprehensive marketing, advisory and auction services for residential, commercial and industrial properties. Our auction services division offers our clients the fastest and most efficient way of selling real estate. Our Property Management Division offers hands on, cost effective and highly energized management while allowing owners to position properties for sale or improve operating performance. Our construction services division allows Realty Corporation of America to offer construction, project management and cost estimating services for residential, commercial and industrial properties throughout North America. Additional information about Realty Corporation of America can be found online at realtycorpofamerica.com. 

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