Articles Tagged with ''auctioneer''

Online RE Auctioneer Expands into 'Debt Auctions'

Want to buy non-performing mortgage notes? Well, first you've got to go where the debt is. One Newport Beach, Calif.-based auctioneer says they have the solution, in the form a new online website designed to manage the auction of debt notes. The LFC Group of Companies, which manages a portfolio of online real estate auction websites, said Thursday that the company has launched BigBidder.com as a tool for investors to buy and sell notes secured by real estate.
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Watching a Price Correction, in Real-Time

On a crisp, blustery Sunday afternoon just days before Christmas, crowds of people filed in through the large, heavy doors and proceeded to tables set up with coffee and cans of soft drinks on ice. With refreshments in hand, the attendees picked up various tracts before entering the large ballroom. The front of the room sported two over-sized projector screens with messages of welcome on either side of a solid wood podium.
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As REO Inventory Grows, Vendors Jockey For Position

REO is hot. Make that super hot. As foreclosures have soared, so have the number of properties owned by banks and now on the market to be resold; and that means the companies looking to help lenders sell their REO are facing astronomical growth rates, too, to say nothing of the local listing agents and brokers in the REO space. But that growth has also made the market to help sell institutionally-owned homes ripe for entry -- and two such new entrants underscore the big draw that selling REOs now has.
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Old-Hand Auctioneer Goes Digital, Drives Real Estate Auctions into U.S. Mainstream

Williams & Williams, one of the nation's oldest and largest real estate auction firms, said today that a number of recent online moves have helped the firm double its sales volume in the past year, as real estate auctions gain momentum with U.S. consumers as a viable sales alternative. The venerable real estate auction company, boasting more than 100 years in the business, recently launched a new consumer-focused web site for its U.S. auctions. Through partnerships with online giants including Google, RealtyTrac.com and Zillow.com, the auctioneer provides integrated mapping, online valuation and even online bidding.
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Real Estate Auctioneer Targets Borrowers in Default

Williams & Williams, a national real estate auction firm, said Friday that it plans to launch a unique program aimed directly at consumers who find themselves in default on their mortgage payments. The Assisted Sales Auction Program (ASAP) was designed by the firm to help delinquent borrowers and their secured lenders avoid foreclosure. The auction firm said ASAP allows the property to be sold before foreclosure actually takes place and offers settlement of the debt obligations and a reduction in losses for both the lender and borrower.
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Firm Touts Auction of 300 Foreclosed Properties in Detroit

In a sign of continuing distress in the Detroit real estate market, real estate auctioneer Hudson & Marshall said today it will auction over 300 Detroit homes on January 20 and 21. All the foreclosed homes are owned by banks or financial lenders and come guaranteed with title insurance, according to the auction firm.
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