Lenders
face challenging times
in the wake of the mortgage crisis:
a growing real estate supply, diminished demand, economic
downturn, dubious personal guarantees, incomplete
development projects, regulatory concerns, increasing
non-accruals, years’ worth of inventory… the list goes on and
on…. the dilemma is real.
Tranzon, LLC is a professional marketing and technology firm headquartered in Portland, Maine, with 34 nationally recognized team offices comprised of more then 100 team members, 68 licensed auctioneers and real estate professionals, and over 850 years of combined auction experience. The Tranzon team has conducted more than 11,500 real estate sales throughout 47 states and the District of Columbia with a success rate exceeding 80%.
Solutions for lenders and other
serious sellers of real estate
     

Non-accrual choices


    Creative strategies reduce foreclosures!
  1. Tranzon conducts the judicial foreclosure sale in lieu of the Clerk of Court. By changing just a few variables, mainstream “retail” buyers participate in the process, significantly increasing the likelihood of a third party outbidding the lender at the foreclosure auction.

  2. Tranzon “over-markets” the traditional Clerk of the Court conducted foreclosure auction. This high-impact marketing goes significantly beyond the statutory legal notices. It assures that serious buyers know about the sale, eliminating the all too common transition from non-accrual to REO.

  3. Tranzon sells for the delinquent borrower. The lender directs the borrower to Tranzon to design and conduct a commercially viable sale of the assets within tight time constraints to avoid the foreclosure process altogether.

  4. Tranzon sells the note and mortgage prior to foreclosure. Sensitive, high-profile or complicated situations can resolve with little fanfare, avoiding bad press or undesired liability for the lender AND a time certain resolution.
Now You Have Options

REO choices


    Take action to avoid lingering inventory!

  1. Tranzon conducts a 90-day coordinated Portfolio Phase Out designed to minimize risk, optimize value, and produce inventory reductions within a dictated timeframe. Combining the best of traditional real estate exposure with the competitive element of the auction process allows the lender to test market reaction to the asset, determine level of interest and quickly react to both positive and negative market forces.

    PHASE 1… Initial market exposure with aggressive “Buy It Now” pricing followed by competitive online bidding.
    PHASE 2… If unsold, increase buyer motivation and urgency with lowered “Buy It Now” price, additional marketing and another
    round of competitive online bidding.
    PHASE 3… If necessary, a close-out final live auction for absolute resolution.

  2. Tranzon conducts on-line auctions to quickly move large inventories, lower-valued properties or as circumstances dictate.

  3. Tranzon conducts sealed bid auctions to produce top dollar for assets with narrow or unusual market scope.

  4. Tranzon conducts live auctions—onsite or ballroom—with high impact marketing to create a competitive bidding environment and generate highest value.