Tranzon Asset Advisors, a national real estate auction firm, has been approved by the U.S. Bankruptcy Court to auction the assets of a troubled builder in Northern Kentucky.  This auction event is creating incredible opportunities for buyers and brokers to capitalize on!

SMI New Homes, LLC has recently been in the news as the company has been under investigation by Federal authorities.  The company entered a petition for Chapter 11 Bankruptcy in early May and is targeted to go to auction on Saturday July 26th.  The auction consists of 17 new or recently constructed luxury homes in several subdivisions around Boone and Kenton counties.  There are also six building sites included in the auction event. 

Two secured lenders are offering financing for home buyers and investors and will be present during the open houses.  Realtors are protected and buyers are welcome to contact their broker for tours or go directly to the auction firm.  The court has ordered all assets to sell absolute to the highest bidders at the auction sale. 

Bidders should not miss this incredible opportunity to buy and move into a wonderful new home.  Make plans today to attend the open house inspections on Saturday, July 12th and 19th   from 11: 00 am until 2:00 pm, Sunday July 13th and 20th from 1:00 pm until 4:00 pm.  An open house and buyers’ seminar will be held Thursday July 24th from 5:00 pm until 7:00 pm.  The auction event will be held at the Airport Hilton off of I-75 and Turfway Road on Saturday July 26th beginning at 10:00 am.

As the national economy has cooled the need for serious sellers and institutions to clear up excess real estate inventory has lead to innovative marketing, spearheaded by Tranzon member companies across the USA.  “This auction event is proving to be the most efficient method to sell great properties”, said Ed Durnil, CEO of Tranzon Asset Advisors.  “If you are a buyer or investor, it’s going to be hard not to take a look at these properties”, he added. 

Tranzon Asset Advisors, headquartered in Elizabethtown, KY, is a full-service real estate auction company and a member company of Tranzon, L.L.C., which is based in Richmond, Va.  Founded in 2001, Tranzon L.L.C. has 14 independently owned and operated member auction companies that collectively have more than 30 offices ranging from coast-to-coast.  The professionals working at Tranzon member companies specialize in providing real estate auction and accelerated marketing services to corporations, financial institutions, trustees, individuals and estates throughout the U.S.  Tranzon member companies regularly conduct over 1,000 auctions and 2,500 property valuations per year, effecting in excess of three billion dollars in real estate per year. 

For a complete list of auctions and sales or to learn more about Tranzon visit www.tranzon.com.

Media Contact
Edward Durnil, Court Appointed Appointed Auctioneer
Tranzon Asset Advisors
270-769-0284
edurnil@tranzon.com