Overview

Since our founding in 1990, Auction.com has distinguished itself as the world leader in maximized asset disposition strategies, asset management and real estate sales. Our expertise lies in selling residential, commercial, luxury homes, multi-family and hospitality properties, land, as well as performing and non-performing notes and loan pools.

To date, Auction.com has sold over $12 billion of real estate assets for our clients. In 2011, our residential sales totaled $1.8 billion and 19,000 homes sold. Our commercial real estate auctions for the year garnered $511 million in REO sales, $1.3 billion in total sales, and $2.5 billion in Unpaid Principal Balances sold.

Working directly with lenders, financial institutions, developers and private parties, Auction.com conducts auctions throughout the United States and abroad, ranging from live ballroom mega-auctions to local on-site and courthouse auctions, plus online auctions through the use of our proprietary and best-in-class online auction platform.

Home buyers and investors alike have the opportunity to bid live at our ballroom auctions, online against ballroom bidders using our webcast platform, or participate in online only auctions through our state-of-the-art online bidding system where buyers bid in real time as the auction progresses.

REO Auctions

Turning houses into homes - Auction.com is the leading source for lender-foreclosed homes at auction. Our unique relationships with financial institutions make the auction sale the easiest and most straightforward real estate purchase a buyer can make. Our clients are in the business of lending, not home ownership. Our sellers want these houses off their books and turned back into homes.

Auction.com offers a large selection, something for every buyer-from single family homes, townhomes, and condominiums-all at auction prices. Our auctions are perfect for individuals looking for a first or second home, as well as bargain-seeking investors looking for income and investment properties.

Auction.com is your source for foreclosed residential and commercial properties.

For more information on selling your residential REO portfolio, please contact: Walter Skrzynski, Executive Vice President, Auction Sales, Auction.com, 949.639.4280

Luxury Auctions

Auction.com has applied its expertise in selling real estate by auction, to selling non-distressed luxury homes. Our state-of-the-art website and auction platform, backed by a multi-million dollar annual marketing budget, assures that every property listed on our website receives the maximum amount of exposure to the relevant market.

Just like a priceless painting, the true value of a luxury property is only revealed when it is exposed to a universe of buyers who are placed in a competitive environment. An auction creates a sense of urgency and certainty, which helps to rebalance the scales of demand and supply. Therefore, regardless of the state of the economy, a seller will always receive the highest possible price.

An auction provides a platform for sellers to achieve market value while allowing bidders to compete in a transparent auction process.

For more information on selling your luxury home at auction, please contact: Tom Iovenitti, Executive Vice President, C2C Residential, Auction.com, 949.351.1578

Foreclosure 3rd Party Sales

Auction.com has reinvented these auctions by providing infrastructure and transparency for smaller investors and potential homebuyers, who can conduct research on our website. And, in an unprecedented move, we are also providing on-site title insurance, and an online foreclosure report about the home and its value.

Professional auction events in ballrooms and convention centers are replacing courthouse steps. In Arizona, where auctions are still required by law to take place at the courthouse, dozens and sometimes hundreds of properties are auctioned by our experienced real estate auctioneers in one convenient place and time.

Auction.com's Trustee Foreclosure sales auctions currently take place in California and Arizona, with possible expansion into Florida, Georgia, Illinois, Texas, Virginia and Colorado.

To sell your properties, please contact: Anna Marie Giagunto, Executive Vice President, Operations, Auction.com, 949.639.3259

Short Sales

Auction.com is applying its prowess in real estate auctions, mass marketing and as a licensed national debt collector to garner a higher purchase price for the borrower engaged in the short sale process. To date, we have worked with over 200,000 borrowers to avoid foreclosure by employing an approach that assists them through the short sale process in an empathetic, streamlined and hassle-free way.

Our call centers are FTCPA licensed nationally for debt collection and our employees are fully versed in fraud risk and fraud prevention techniques. Whether a borrower is currently approved for a short sale program or has not entered their bank's short sale program, we can help them sell their house quickly.

For more information on utilizing Auction.com's Short Sales' expertise, please contact: Tamara Jewell, Senior Vice President, REDC Default Solutions, LLC, 469.287.8107

Commercial & Note Auctions

Over 100 financial institutions currently utilize the Auction.com platform and marketing expertise to sell Commercial REO Properties and Notes. Over the past 18 months, our division has successfully auctioned over 1,500 Notes secured by Commercial Real Estate, totaling over $4.2 billion at an average recovery rate of 56 percent, and it has closed 336 Commercial REO Properties at an average recovery rate of 102 percent of reserve value.

Auction.com recently opened up our online commercial real estate auctions to brokers and property owners looking to sell their properties to eager buyers.

A typical commercial auction on Auction.com attracts over 50,000 unique visitors, and over 600 registered bidders.

Our commercial division is based exclusively on our unique online bidding platform, allowing buyers to place bids via our state-of-the-art online bidding system.

Auction.com allows sellers to offer listings to a global market of bidders and quickly sell REO and Notes to motivated buyers. Buyers benefit from a transparent bidding process, large selection of properties, due diligence documentation viewable online in our secure data vault and auction prices.

For more information on selling commercial REO Properties and/or Notes, please contact: Ken Rivkin, Co-President, Auction.com Commercial, 212.813.9610

Builder & New Construction Auctions

Auction.com is the place if you are looking for new construction homes and/or conducting auctions of new builder inventory throughout the United States. Since 2007, Auction.com has conducted over 50 auctions for builders and developers of new homes, luxury condominiums and more. Working directly with the builders, developers and their construction lenders, Auction.com is a leader in selling a builder's remaining inventory or selling those last few homes in new home communities.

For an auction proposal, builders and developers please contact: Peter Elkin, Vice President, Client Management, Auction.com, 949.639.8508

Note & Loan Auctions

Our Note Auction Division is based on our unique online bidding platform, allowing buyers to place bids on residential real estate via our state-of-the-art online bidding system in our New Origination, Performing, Sub-Performing and Non-Performing Note and Loan auctions.

Note auctions are beneficial to sellers for their high recovery rates and alleviation of resources to sell these properties; buyers benefit by purchasing loans as a strategy to acquire real estate at prices well below market value.

Auction.com allows sellers to offer listings to a global market of bidders and quickly sell to motivated buyers. Buyers benefit from a transparent bidding process, large selections, due diligence documentation viewable online in our secure data vault, discover true market value, and buy at auction prices.

For more information on selling your Note and Loan portfolios, please contact: Commercial-Ken Rivkin, Co-President, Auction.com Commercial, 212.813.9610

Residential-Beth O'Brien, Managing Director, Senior Vice President, Residential Capital Markets, Auction.com, 212.200.2562

Land Auctions

Auction.com has been America's liquidator of affordable land, has held its position as the nation's largest auctioneer of developed and raw land parcels. We specialize in bringing to the market a variety of properties that fit the needs of the first-time buyer, investors and developers.

Auction.com has hosted thousands of live ballroom and online auction events selling tens of thousands parcels, commercial lots, home sites in master-planned communities, trophy properties, acreage both small and large and more.

For more information on selling your land at auction, please contact: Ken Rivkin, Co-President, Auction.com Commercial, 212.813.9610