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
The client controls the following:
pricing and advertising budget
listing broker if desired
timing of sale and settlement
contract terms
commission structure for buyer's agents
Speak with a member of our REO team today @ 888.704.8722 Option 3 or complete the form below:
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.