Tag Archives: Auction.com

Online real estate marketplace Auction.com named Sheryl Roland as EVP of human resources. Roland's appointment requires her to oversee talent acquisition and management, total rewards, and employee relations on a global scale.

Auction.com named a new EVP/CFO. Bruce Felt was selected for the position and joins Auction.com with more than 25 years of experience in financial operations and management.

Bank of America announced a partnership with Auction.com to introduce a pilot program for short sales. The pilot aims to assist homeowners and agents with generating offer activity. Through Auction.com, marketing efforts will be broadened to reach more potential buyers.

Auction.com announced that founding partner and board member Monte Koch will take on additional responsibilities as the company's co-CEO. Koch is a long-time member of the Auction.com team, guiding the company in a non-executive capacity since it was created.

Auction.com announced that Andrew Platt will be the new managing director for the New York-based capital markets team. Platt is a former senior member of the fixed income teams at UBS, Bank of America and Lehman Brothers.

Auction.com announced this week that it achieved $453 million in sales - with over $600 million in unpaid principal balances sold - in its recent online auction of nonperforming notes and commercial REO properties located throughout the Southeastern United States. On behalf of its 10 institutional clients participating, Auction.com sold 187 assets, and garnered a purchase price-to-reserve rate of 111 percent.

Real estate auctioneer and loan sales advisor Auction.com announced Monday that the company has named Elizabeth O'Brien managing director and SVP. O'Brien was hand-picked by CEO Jeff Frieden to expand Auction.com's residential mortgage notes platform and lead the firm's residential capital markets business. She previously served as a director in mortgage finance within Citi's fixed income division.

Auction.com is in the midst of a three-day online auction of Texas commercial real estate properties and nonperforming notes. The company says in total, the assets up for sale are valued at more than $300 million, making it the largest conglomerate of commercial real estate assets to be auctioned online in Texas history. Barclays Capital matched the list of assets to be sold to its database of commercial mortgage-backed securities (CMBS). The firm pegs CMBS exposure to the Texas auction at about $262.5 million.

Auction.com and loan sale advisor Archetype Advisors will auction $1 billion of Nevada commercial REO properties and non-performing notes May 17-19 in Las Vegas. It is the largest commercial real estate (CRE) and note auction of its kind in U.S. history, according to a statement from Auction.com says the unprecedented volume of distressed real estate to be featured represents the bottom of the market for Nevada, and in particular, Las Vegas.

According to Auction.com, investors and buyers spent $112.9 million on assets at five of its auction events for primarily non-performing commercial real estate and notes last month. The auction offerings included 155 assets within 34 states and drew 990 registered bidders. The company says its February results are a strong indication of investors' appetite for real estate.