Tranzon Auction Properties - Real Estate Auction Blog

This is a bit of old news, as the sale occurred nearly a month ago, but I had several calls this week from developers, investors and smaller financial institutions who are in severe cash crisis’s. This article and the developer’s tactics display the advantages of liquidating assets and putting cash in the bank or paying down debt. In particular, comments from homebuilders around the country show this isn’t a time to sit on your hands…

“We’re not focused on growth,'’ Ian McCarthy, Beazer’s chief executive officer, said at a homebuilding conference in New York on Sept. 18. “We’re very much focused on today and getting through this downturn.”

Click Here for Entire Article

It seems that every week there is more news about the state of foreclosures in Massachusetts (follow the link below to read an article in the Worcester Telegram & Gazette). This week a professor of economics at the University of Massachusetts had some dire predictions for borrowers in Massachusetts.

Many homeowners aren’t aware that they can negotiate with their lender when the balance of their mortgage exceeds the value of their home. It is still possible to sell the property through what’s called a “short sale”. If you are faced with having to consider a short sale or else lose your home through foreclosure it’s important to approach your lender with a plan of action. If you find yourself in a situation where you’re having to make tough choices like this it’s important that you consult a professional. First, you should consult your attorney, and next you may want to call us or a local real estate brokerage. Remember that often times the timing of a sale will be important. A faster sale will allow you to avoid mounting fees and penalties that will be added to your mortgage balance.
Click here to read the full Worcester Telegram & Gazette story.

OVERLAND PARK, Kan. – The National Auctioneers Association (NAA) reports extensive growth for the auction industry in 2006 with a 7.1 percent increase over 2005 in gross revenue, translating into $257.2 billion in total revenue generated. The most significant growth was seen in residential real estate, which grew by 12.5 percent in 2006, generating $16 billion. Last year, residential real estate auctions generated $14.2 billion. Residential real estate auctions are the fastest growing sector of the industry and are increasingly being accepted as mainstream with the general public. Click Here for the Full Story