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 35,000 homes auctioned. Our commercial real estate division auctioned 1,169 Notes totaling over $4.6 billion at a recovery rate of 52 percent; additionally, it auctioned 1,087 REO valued at $1.2 billion with an average recovery price at 103 percent of the reserve.

 

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, LLC, Walter.Skrzynski@auction.com

 

 

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, LLC, TomI@auction.com

 

 

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, LLC,AnnaMarie.Giagunto@auction.com

 

 

Short Sales

 

Auction.com has developed a unique model that leverages its strong relationships with institutional partners and lenders, best-in-class marketing, and a scalable marketplace to help ease the process of selling and buying short sale properties.   We have programs in place with many lenders to help alleviate barriers to selling homes.  Our proven process leads to a shorter timeline to close, enables homeowners to continue working with their existing agent, and brings the market of qualified buyers to the auction to create demand and competition for these homes.

  

For more information on Auction.com’s Short Sale approach, please contact Charlie Lee, General Manager of Short Sales, Auction.com, shortsalesauction@auction.com

 

 

 

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-CEO, Auction.com Commercial, Ken.Rivkin@auction.com

 

 

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, LLC, PeterE@auction.com

 

 

Note Auctions

 

Auction.com’s Note Auction Division is based on our unique online bidding platform, allowing buyers to place bids on loans secured by both residential and commercial real estate via our state-of-the-art online bidding system in our Performing, Sub-Performing and Non-Performing Note and Loan auctions.

 

Note auctions work for sellers because of their high net present value recovery rates and reduction in resources needed to resolve these properties; buyers benefit by purchasing loans either as a strategy to acquire real estate at prices well below market value or to make high yielding investments through re-performance or third-party sale.

Auction.com allows sellers to simultaneously offer listings to both a global market of bidders and the local investor and quickly sell to motivated buyers. Buyers benefit from a transparent bidding process, large selections, due diligence documentation conveniently viewable online in our secure data vault, and certainty of transactions closing.

 

For more information on selling your Note portfolios, please contact:

 

Commercial—Ken Rivkin, Co-CEO, Auction.com Commercial at Ken.Rivkin@auction.com

 

Residential—Beth O’Brien, Managing Director, Residential Capital Markets, Auction.com, Beth.Obrien@auction.com

 

 

 

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-CEO, Auction.com Commercial,Ken.Rivkin@auction.com

 

 

 

AUCTION.COM SUBSIDIARIES:

 

Commerce Title

 

Our subsidiary, Commerce Title, is an imperative component to our mission of “Turning Houses into Homes”.  Whether closing a transaction involving a single property or multiple properties spanning many States, its national footprint, advanced technology, financial strength, and knowledgeable professionals, synergize to provide seamless and impeccable personal services.

 

Lead by a senior management team with hundreds of years of combined industry experience, and a reputation for driving service excellence, Commerce Title holds the preeminent position in the title insurance and settlement services industry.  Its “front line” retail team provides customers with personalized service and a seamless experience like no other title company. 

 

In addition to serving retail customers, Commerce Title provides service-focused, business-to-business solutions for insurance financial services companies, realtors, and builders seeking to outsource their insurance or escrow, and settlement service needs. 

 

For more information relating to Commerce Title’s services, please contact: Barry Toney, Senior Vice President, National Operations & Sales, Commerce Title and Closing Services, LLC, Barry.Toney@titlezone.com

 

 

Auction.com Default Solutions

 

Based on Auction.com’s established relationships with over 100 of the country’s top financial institutions, Auction.com Default Solutions was launched to provide to provide our clients with additional services, including asset management, Short Sale execution, and deed in lieu of foreclosure.

 

Auction.com Default Solutions helps lenders disposition their non-performing assets effectively and efficiently.  Through this process, homeowners gain control of their financial situation during fiscally challenging times, and buyers find their ideal home or investment property. 

 

For more information on Auction.com Default Solutions’ products and services, please contact: Jason Allnut, Chief Business Officer, Auction.com, LLC, dilhelp@auction.com