Tranzon is a national network of real estate auction and brokerage companies with offices from Portland Maine to Irvine California.
Nationally we can provide:
- A single point of contact for real estate sales and other workout tasks nationally
- Experienced real estate professionals in every major market
- Experience selling real estate in 46 out of the lower 48 states
Regionally we have a teams in Portland Maine, Lexington Massachusetts, and Manhattan.
For Properties in Non-Accrual
- Consensual Sales: When a borrower is cooperative and the debt is such that the property is marketable with only one lender’s cooperation we will facilitate an accelerated sale. Terms and methodology ensure a speedy no-contingecy sale offering control to the borrower and the lender.
- Note Sales: In some cases it may be more advantageous for a lender to sell the note. We market the note to our broad base of qualified contacts and investors nationally and internationally.
- Foreclosures: During our previously rapidly appreciating market many lenders found it preferable to preform a “technical sale”. In a depreciating or more difficult market we’re finding nationwide that lenders are more frequently choosing to put forth an earnest marketing effort with the goal of transfering the property to a third party. Our broad, cost effective marketing campaigne result in 88% of our foreclosure sales successfully transfering to third parties.
REO
Our accelerated marketing campaigns drive REO portfolio value through competitive bidding in a condensed time frame. Depending on the asset, one or more of the following sales may be appropriate.
- Caravan Sale: we travel to each property and sell it through a public outcry auction onsite
- Ballroom Sale: after extensively marketing and showing a volume of properties then sold at once in “ballroom” style auction
- Online Sale: Use our proprietary bidding system to affordably market your REO properties to a global marketplace
Bankruptcy
When a debtor files bankruptcy prior to foreclosure and relief from stay seems too distant, depending on the situation and counsel a 363 sale may be appropriate. We’ve worked with lenders who have successfully incorporated our services into the bankruptcy process which results in a significantly reduced time frame.
Sale Types
We have deep experience locally and nationally in the following bid methodologies
- Public Outcry Bidding (traditional auction)
- Sealed Bid
- Hybrid Sealed Bid
- Live Online Bidding
- Timed “eBay” Style Online Bidding
- Ballroom Auctions
- Negotiated Sales
Other Services
- We are always available to discuss real estate situations with our clients.
- We will help you to form a capital recovery strategy for any property.
- You can call on us for a drive by or full interior broker price opinions of residential as well as commercial property.
- We will secure an asset for you if vacant.
- We facilitate communication with debtors.
- In the case of REO we will work with you to improve the value of commercial properties when that is a necessary component of the sale.
- When an auction is not the appropriate choice we will facilitate sales through traditional brokerage methods.
Contact us using the form below or call
Maine, New Hampshire, and Vermont 207-775-4300
Massachusetts, Connecticut, and Rhode Island 781-507-9507
