Brecht Palombo Founder DistressedPro.com and Auctioneer for Nationwide Commercial Sales (Tranzon)
Speaks to CREPIG about the current state of the Commercial Bulk REO and Notes Markets. The Good the Bad and the Ugly.
Brecht and I have know each other as acquaintances for over 4 years now. I have always been interested in what Brecht was doing as he started DistressedPro.com around the time I was working on CRE Distressed Assets Assoc. CREDAA.
Brecht has made success out of distressed properties on the web as few others have and I applaud and am jealous of him at the same time.
I want to thank Brecht for his frank, no nonsense opinion and the wealth of info that he brought to this conversation – JW
As an auctioneer I work for lenders, special servicers, attorneys, court appointed trustees, receivers and businesses and provide them with rapid commercial real estate, multifamily, and construction property or note disposition services via online auctions, live auctions, sealed bid, or hybrid bid formats. I act as a single point of contact for real estate auctions nationwide.
Real estate auctioneer and software entrepreneur.
Brecht also designed, developed and currently markets an online web application that real estate, investment and banking professionals use to find bank contacts and evaluate the REO and non performing loan information for 97.3% of US banks via ‘live’ call report data.
* Commercial real estate foreclosure and REO auctions
* Multifamily foreclosure and REO auctions
* Construction REO and foreclosure auctions
* Condo project liquidations and REO auctions
* Subdivision liquidations, foreclosure and REO auctions
* 363 sales (debtor in possession)
* Developer closeout auctions
* Online real estate auctions
* Non performing note sales
* FDIC call report data
* Regional and local bank contacts
* Distressed asset data
Distressedpro.com is home to BankProspector, the fastest easiest way to find banks and bank contacts with non performing loans and REO, GUARANTEED, or your money back.
BankProspector is the only software that lets you see the late and non performing loan portfolio details of any US bank.
With BankProspector you can find banks with distressed residential, multifamily, commercial, and construction loans nation wide. Research banks to find non-performing notes for sale, real estate loans in default, and bank owned real estate.
* Brokers: Find banks with residential, commercial, or multifamily REO
* Investors: Pre-foreclosure opportunities, loans for sale and more
* Developers: Capitalize on broken condo deals, distressed construction
* Attorneys: Research lenders who need your services
* Bankers: Get an instant detailed view of your competitors real estate reporting.
bank research, bank data, non performing loans, distressed real estate, bank owned real estate, notes for sale, workout, special assets, REO, OREO, auctions, foreclosures.
At Tranzon Brecht serves as a single point of contact for distressed asset services nationwide.
Lenders’ workout and special assets groups, turnaround professionals, CMBS special servicers, attorneys, court appointed trustees and receivers as well as businesses rely on Brecht to provide rapid commercial real estate disposition and real estate loss mitigation services.
His services include site inspections, foreclosure auctions, bankruptcy auctions, negotiated or accelerated commercial REO sales, and rapid corporate real estate and business asset dispositions.
Tranzon is a nationwide auction company helping owners sell their real estate in the shortest possible time, at the highest possible price. Tranzon’s independent member companies combine the benefits of local market knowledge with the resources of a national organization. With trained and licensed staff who are among the most talented, experienced and longest-tenured in the industry, we provide a single point of contact for all of your local, regional and national asset sale needs.
Our proprietary Market-Making SystemSM is a proven-effective methodology for the quick sale of real estate. The System provides sellers with a sophisticated and effective marketing program, specifically designed for each seller’s individual property, and the benefit of our database of tens of thousands of potential auction buyers. Tranzon uses the most advanced online marketing techniques to achieve the best possible results for sellers.
Tranzon conducts all types of auctions:
- Live onsite
- Sealed bid
- Simultaneous live & online
Tranzon companies serve:
- Financial institutions
- Bankruptcy trustees and estates
- Corporations and developers
- Trusts, guardians and estates
- Private individuals
- Investment groups
This post courtesy of the Commercial Real Estate Professionals and Investor Group who are dedicated to bringing news, information and resource to the commercial real estate industry. www.CREPIG.com