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Posted on January 25th, 2012, 3:19pm
Marketplace
Marketplace is designed to provide those who are motivated, an opportunity to sell real estate in a timely manner, regardless of prevailing market conditions. For those holding distressed real estate assets, Marketplace offers a forum to restructure or liquidate their position with no further strain or obligation towards any outstanding mortgage.
Marketplace’s unique service platform is built around:
- Short Sales: A real estate short sale is a negotiation between a borrower and their mortgage lender/s for the lender/s to accept less than the total outstanding debt for a payoff and release of that debt.
- REO (A Foreclosed Sale): Real Estate that is now owned by a mortgage lender.
- Market Based Sealed Bids: Through connectivity with the world’s foremost real estate networks and the most advanced lead generation programs available today, Marketplace is uniquely positioned to solicit offers on premium real estate in today’s economic climate.
Marketplace is not an auction. Interest for pre-determined inventory is simply consolidated around a defined event schedule, at which time sealed offers are solicited, reviewed and either accepted or rejected by the seller. The concept of Marketplace was created to protect credible parties from having to risk their brand or personal position if the immediate liquidation of real estate is required or desired.
Marketplace acts as a catalyst to connect motivated sellers with qualified buyers in an environment where prices are determined based on what the market is willing to pay today and not arbitrary values that existed in the height of the market.