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IRVINE, CA-Technology and the online auction process are helping to streamline both commercial and residential real estate transactions, says Rick Sharga, Auction.com‘s newly appointed EVP. With a background in the foreclosure process at RealtyTrac and as a frequently quoted source on real estate, mortgage and foreclosure trends, Sharga tells GlobeSt.com where the foreclosure market stands now, how technology is changing the pace of real estate transactions and his goals for the Auction.com brand.

GlobeSt.com: Foreclosures seem to be moving in the right direction. What does this mean for the housing market in general, and how might it impact commercial real estate?

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