| Company: |
Progressive Auction Exchange, LLC |
| Code: |
113278 |
| Industry: |
Real Estate Marketing & Advertising |
| Status: |
Public |
| Title: |
Cash or Collateral The Foreclosure Alternative |
| |
| Description: |
Remember The “Golden Rule” of Loss Mitigation:
The first loss is your best loss
Cash or collateral offers lenders & borrowers an Early Mitigation (EM) solution to deliver ‘the present cash market value’ for any property in about 6 to 8 weeks.
The current real estate market has created a need for a quick cash-out solution for distressed sellers & mortgage lenders. Buyers don’t want hype they want to pay what a property is worth in a transparent auction transaction.
“Cash or Collateral” is an innovative alternative to costly foreclosures, equity erosion and risks of holding & maintaining thousands of vacant homes.
The methods used are based upon 2000 years of auctioneer traditions combined with 21st century technology.
SIMPLE CONCEPT:
Borrowers who realize they are unable to make payments or sell their property are placed into an accelerated auction pool where each property has a custom package created;
1. Certified Home inspection. (Collateral snapshot)
2. Pre-foreclosure appraisal (valuation analysis)
3. Property Triage (special needs assessment)
4. Professional accelerated auction marketing program
Delivering the present cash market value in about 6-weeks
Foreclosure laws & regulations date back to the great depression of the 1930s and don’t account for modern technology. The foreclosure alternative / asset recovery solution for today’s real estate market not the 1930’s! |
Keywords: |
foreclosure alternative, auction, auctions, auctioneer, asset recovery, loss mitigation |
Territory: |
Nationwide specializing in the California, Arizona, Nevada, Maryland, DE, Virginia Markets |
