TRANZON AUCTION PROPERTIES SELLS OVER $1.5 Million IN LESS THAN 30 MINUTES!
March 7th, 2007 . by mcarey
Wednesday, February 28th, 2007
Tranzon Auction Properties sold over $1.5 million in real estate at a multi-property auction held in Wells, Maine. Properties sold included residential lots in Scarborough, Cape Neddick and Wells, 28 acres in Kittery off Route 1 and an office building situated on Route 1 in York.
Hired by Flash Island, a Maine private lender, to conduct the foreclosure sale, Tranzon’s accelerated marketing campaign began in February and received tremendous response with over 200 inquiries from prospective buyers across the country. Nearly two-dozen people registered for the auction, bringing certified funds between $10,000 and $50,000 as a qualification to bid. In less than half an hour, Tranzon put over $1.5 million of real estate under contract and collected $90,000 in hard-money deposits. Each of these properties will close in 45 days. After the sale, Tom Saturley, President of Tranzon Auction Properties said, “The participation in today’s auction clearly demonstrates the overall strength of Maine real estate.”
Tranzon Auction Properties, with offices in Portland & Greater Boston, provides real estate solutions, including Asset Disposition Services, Analysis, Accelerated Marketing and Auction Services. Tranzon Auction Properties is a member company of Tranzon, LLC comprised of over 22 offices nationwide. The member companies of Tranzon have completed transactions in excess of $700 million over the past 6 years.
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