Lenders do not want to bring property home from a foreclosure sale. Our proven methods make sure that does not happen.
Our comprehensive sales techniques allow us to provide our clients with solutions for liquidating assets in the most effective way. From traditional onsite auctions to live online bidding, we conduct effective auctions for any situation, including short sale, onsite or courthouse foreclosure sale, and REO sale.
Often we are requested by the lender to conduct a debtor auction of the collateral with the Lender's participation. In the event the sale does not yield an amount sufficient to satisfy the indebtedness, the lender may elect to accept a lesser amount as satisfaction of the debt (short sale), or may credit bid the property and take it into inventory (REO).
Once hired by the Substitute Trustee to conduct a public foreclosure auction, we aggressively market and advertise the property, work with prospective buyers, and select the best auction venue for the subject property, whether live or online, or a combination of the two. By these processes, we are consistently successful in selling foreclosure properties to the public that would otherwise be bought by the secured party.
When the Deed of Trust requires the property be sold at the courthouse steps, we will promote a well-attended public auction using the same aggressive marketing methods and professional personnel as we do for an onsite sale.
If you have acquired property at a foreclosure sale or by Deed in Lieu, let us implement a successful sale to avoid expensive holding costs over time. We have proven methods for selling REO properties in tough market conditions. We will develop the most effective plan for selling your properties, from where to conduct the auction, to choosing the appropriate type of auction.
When clients have multiple properties to be sold, we create a marketing campaign that sells those properties in a concentrated time frame, thereby reducing marketing costs, attracting more buyers, and "piggybacking" those buyers from one property to the next.