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Tag Archives: Auction

Rowell Auctions Names Doug Dennison National Sales Coordinator

Rowell Auctions, Inc. has announced the hiring of Douglas G. Dennison as national sales coordinator for the firm. Dennison has 20 years of auction experience and has specialized in large real estate government auctions throughout the country. He has served as auction project manager for the FDIC, U.S. General Services Administration (GSA), U.S. Marshals Service, Small Business Administration (SBA), Resolution Trust Corporation (RTC), and U.S. bankruptcy auctions in more than 30 states.

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Auction.com Offers $2.4B in Foreclosed Assets in 2010

According to Auction.com, a real estate marketing and disposition services site, 2010 was a record year. The site offered 35,350 foreclosed assets for $2.4 billion last year, numbers that lead the industry, the site's owner Real Estate Disposition Corp. (REDC) said in a statement. So far in 2011, Auction.com has auctioned 4,710 foreclosures for $258 million at 94 percent of reserve, according to the company.

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eBrokerHouse Expands Trustee Sale Software to Two New Counties

Real estate software firm eBrokerHouse recently released its Rapid Trustee Sale (RTS) tracking and management software platform for two new counties--Maricopa in Arizona and San Bernadino in California. RTS allows users to track opening bids in real time, get full property details, and manage documents and pictures associated with each property. The system also serves Los Angeles, Riverside, and Orange counties in California and Clark County, Nevada.

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FEI Acquires Posting, Publication, and Auction Management Firm RSVP

FEI, a national provider of posting, publication, auction management, property preservation, and asset management services based in Washington, recently acquired RSVP, a national provider of similar services headquartered in California. Together, FEI and RSVP will offer foreclosure services including posting, service of process, and publication management that controls the production and placement of legal notices in 2,300 publications from coast to coast.

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Williams, Williams & McKissick Promotes Two Key Executives

Williams, Williams & McKissick (WWM), parent company of Williams & Williams Worldwide Real Estate Auction, Auction Network, and Williams Merchant Group, has promoted Amy Bates and Rob Bridges to chief marketing officer and SVP of operations, respectively. According to a statement from the company, these newly created positions were developed to coincide with WWM's recent formation and will further its goal of providing more technologically advanced methods for live real estate auctions.

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MIAC Closes Sales of GSE Servicing Portfolios

Mortgage Industry Advisory Corporation (MIAC) just announced that it closed the sale of two Freddie Mac bulk mortgage servicing portfolios in November with a combined unpaid principal balance of approximately $2.5 billion. The portfolios carried delinquency rates of 1.28 percent and 3.87 percent. The New York-based brokerage says it will be marketing a $70 million Fannie Mae mortgage servicing deal later this month.

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eBrokerHouse Releases Rapid Trustee Sale Software in California

The real estate software firm eBrokerHouse recently released its Rapid Trustee Sale (RTS) tracking and management software platform for Los Angeles County and Orange County auctions. The system allows agents and investors to track opening bids in real time and have access to every county auction that the software services. The company is planning to expand RTS' coverage to other counties throughout California as well as Arizona.

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Jones Lang LaSalle and REDC Announce $420M Hotel Note Auction

Jones Lang LaSalle and its partner Real Estate Disposition, LLC (REDC) will host a hotel-only note and REO auction in November with more than $420 million in primarily non-performing notes. The companies say it will be the largest hotel-note auction in the United States. The 62 notes and two REO properties are from five special servicers and two regional banks. They are backed by full and select service hotels throughout 25 states and carry an average unpaid balance of $6.4 million.

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Wayne County Treasurer Collects $4M in Online Foreclosure Auction

The Wayne County Treasurer in Michigan concluded its September online auction of tax-foreclosed properties by generating more than $4.1 million in tax revenue for the county, an increase of more than 600 percent from last year's live, on site auction. The treasurer tapped Bid4Assets.com to conduct its first online auction due to the record number of tax foreclosed properties available.

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Jones Lang LaSalle and REDC Will Auction $132 Million in Notes

Jones Lang LaSalle and Real Estate Disposition, LLC, announced Thursday a list of almost $132 million in non-performing notes will go on the online auction site www.auction.com in October. In this roster are 33 primarily non-performing notes from two special servicers, two regional banks and one life company.

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