Progressive Auction Exchange, LLC
C113278
Cash or Collateral The Foreclosure Alternative

Question or Comment on this Company!

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!

Territory
United States of America, Arizona, California, Delaware, Indiana, Maryland, Nevada, Virginia
Keywords:
Real Estate   Marketing & Advertising
foreclosure alternative, auction, auctions, auctioneer, asset recovery, loss mitigation
Asset Management
Distressed Asset Management
USA Asset Sales
Internet Auctions
Internet Marketing
Web Links
Contact Information
Name: Billy Burke
Title: President
Email: • billy.burke@paxauctions.com
Address: 510 Market Street.
Pocomoke City Maryland 21851 United States
Modified: 03/12/2008   Added: 10/22/2001      
Rank: -761 => The quality of this information is not reliable.  
Status: Public