Tranzon Engaged by TD Bank to Auction REO Portfolio

. March 20, 2010

Tranzon Auction Properties, with corporate offices in Portland, Maine, announced today that it has been engaged by TD Bank to market and auction over 50 properties throughout the East Coast from their REO portfolio. The properties represent a diverse mix of real estate, from 190 residential building lots in Northport, FL to a former nightclub in Atlantic City, NJ.

Tranzon Auction Properties has partnered with its affiliates, Tranzon Alderfer (PA), Tranzon Fox (VA), and Tranzon Driggers (FL), to auction the bank-owned properties in both online and live bidding formats. The “Spring Roundup,” as Tranzon has dubbed the multi-property sale, will take place throughout April and May, kicking off with the live auction of a single-family home in Springfield, Massachusetts on April 15th.

Thomas Saturley, President of Tranzon Auction Properties, said, “This venture is unique in that it offers such a wide range of opportunities to bidders… both end-users and investors alike. Whether you’re interested in a marina-side condo or an industrial warehouse, there’s something for everyone.”

For a complete list of properties, please visit www.eastcoastauction.com

About Tranzon Auction Properties

Tranzon Auction Properties, with offices in Portland, ME, Greater Boston, and Buffalo, NY, provides Real Estate Solutions, including Asset Disposition, Analysis, Accelerated Marketing and Auction Services. Tranzon Auction Properties is a member company of Tranzon, LLC comprised of over 34 offices nationwide. The member companies of Tranzon, LLC have completed transactions in excess of $700 million over the past 6 years.

Category: Property

Comments are closed.