Tranzon Driggers sold this 103 room motel in Silver Springs, Florida on July 15, 2010. A comprehensive solution was developed to market the court ordered foreclosure auction and work in tandem with the lender’s attorney to ensure satisfaction of court approved guidelines and documentation protocols. A multi-faceted marketing campaign generated interest and created market competition for the property, which is unlike typical foreclosure auctions conducted at the courthouse.

The judicial foreclosure auction was attended by approximately 40 people, with 8 registering to bid. Bidding started at $500,000 and rose to a high bid of $1,050,000, yielding a total bid of $1,155,000.