Auctions
Xome
Xome runs an online real estate auction marketplace covering bank-owned, foreclosure, short sale, redemption, bankruptcy trustee, non-bank-owned and commercial properties alongside traditional listings. Buyers register for timed auction events, bid on the site or in the Xome Auctions mobile app, and can also place pre-auction offers or take an own-it-now price.
Auction events generally run three to five days, usually starting Saturday. Registration requires account verification by email or text, and bidders who do not verify their identity have a $1,000 hold placed on a credit card for the event. Winning bidders complete a checkout form within 24 hours of the close; Xome states a standard closing takes 15 business days for cash and 30 business days for financed purchases, with closing costs averaging about 3% of the purchase price.
On the seller side Xome serves banks, servicers, asset managers and bankruptcy trustees with REO asset management and disposition, nationwide foreclosure marketing, CWCOT second-chance sales, bankruptcy trustee sales and the Xpert Seller loss-mitigation program. Investor-facing tools include xBid remote bidding for trustee and foreclosure sales, a DIY sales platform for listing investment property without a listing agent, and an Investor Marketplace API that returns criteria-matched properties.
Terms vary by asset type and state, so they have to be checked property by property. Redemption stock is cash only, cannot be inspected before sale and may still be occupied; bankruptcy assets need lender and court approval and typically close in 45 to 60 days. Xome publishes its statistics as approximate and historical.
Best for
Investors buying distressed residential or commercial property at online auction anywhere in the US, and servicers, asset managers and bankruptcy trustees needing nationwide REO, foreclosure and CWCOT disposition. Not for buyers who must inspect before bidding on redemption stock.
What they do
- Online residential and commercial property auctions
- REO asset management and disposition
- Nationwide foreclosure marketing and sales
- CWCOT second-chance auctions
- Bankruptcy trustee property sales
- Xpert Seller loss mitigation program
- xBid remote bidding at trustee and foreclosure sales
- DIY sales platform for investor-owned listings
- Investor Marketplace API for deal sourcing
- Home value estimator and Xome Home Report
Details
| Attribute | Value |
|---|---|
| How they charge | Redemption auction events carry a buyer's premium of typically 5% of the winning bid or $2,500, whichever is greater. |
What stands out
- Reports 11M+ annual site visitors in 2025 and 985K+ registered buyers.
- Reports 129K+ properties sold and more than $21B in total gross sales since 2013.
- xBid remote bidding covers 1,145 counties across 12 states; courthouse cry sale coverage spans 28 states.
- Reports 98% coverage of US MLS listing data as of December 2025 and 6.8K properties in auction in an average month.
- Foreclosure sales are supported by 200+ foreclosure firm partnerships nationwide.
Common questions
- Is a credit card required to bid in a Xome auction?
- Only for bidders who skip identity verification. Xome places a $1,000 hold on a credit card at event registration in that case, and releases it within 24 hours of the event ending for non-winners, or of the escrow or closing company receiving the earnest money deposit for winners. Identity checks are run through a third-party verification service and card details are not stored.
- How long does a Xome auction event run?
- Online auction events generally run three to five days, typically opening Saturday and closing Tuesday, Wednesday or Thursday. Exact dates and times appear on the auction calendar, the search results page and the property details page, and Xome notes that event start and end days and times can change.
- How long is closing and what do closing costs run?
- Xome states a standard closing is 15 business days for cash deals and 30 business days for financed deals, with funds wired to the title company the seller selects. Closing costs vary but average about 3% of the purchase price. Bankruptcy trustee assets take longer, typically 45 to 60 days, because winning bids need lender approval and final approval from the bankruptcy court.
- Can a property be inspected before bidding?
- It depends on the asset type. Bankruptcy trustee properties can usually be inspected or toured by arrangement with the listing agent or Xome, which the company presents as one advantage of that category. Redemption properties cannot be inspected before the sale, may still be occupied, and Xome warns bidders not to trespass, disturb occupants or contact the owner for information.
- What buyer's premium applies at a redemption auction?
- At redemption auction events the premium is typically 5% of the winning bid or $2,500, whichever is greater, added to the winning bid. Redemption purchases are cash only: proof of funds and an earnest money deposit are due within 24 to 48 hours of the fully executed purchase agreement, and the balance is due at closing. Traditional financing is usually unavailable because there is no chance to inspect or appraise first.