California Home Depots on the Block

| About: Home Depot, (HD)

It wasn't too hard to guess a few years ago, back when the housing bubble began to burst, that real estate auction companies like REDC would someday be quite busy trying to liquidate 4BR+2.5BA foreclosures. But, who would have guessed they'd be selling Home Depots (NYSE:HD)?
IMAGE Click to enlargeThis ad has been in the Wednesday Real Estate section of the Wall Street Journal for a few weeks now. Hopefully, REDC will do a better job selling these than they do single family homes. Around here, the same houses just keep showing up in auction after auction.