TRAC's REO programs maximize return for commercial and residential real estate holdings on an expedited basis. Our hybrid list-to-auction program provides all of the benefits of the traditional list with the expediency of the accelerated marketing auction format.

How our program works:

• Price opinions are provided for each parcel and portfolio
• Auction type -- live outcry, sealed bid, internet-live combination, etc. -- is customized to the property/portfolio offered
• TRAC's in-house legal staff assists in resolving any title and possession issues prior to commencement of advertising
• TRAC oversees cleanup, repair, maintenance and landscaping, as approved by the client, to maximize return
• Every property has a REALTOR® assigned and each property receives traditional exposure plus targeted advertising
• A large percentage of properties are pre-sold (prior to auction day)
• Our user-friendly website accepts online bids and offers
• All negotiations are handled through TRAC up to and through the date of the auction
• We keep an open line of communication with the client regarding the status of all negotiations, offers, sales
• Properties are sold on a specified date with settlement required within 30-45 days
• We work with the client to ensure that properties are always sold within applicable guidelines

• pricing and advertising budget
• listing broker if desired
• timing of sale and settlement
• contract terms
• commission structure for buyer's agents