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Learn how the Auction method can help you realize your purpose and goals.

Why should I sell at Auction?

Why the Auction Method should be the FIRST consideration for Real Estate sales.

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Lending Institutions & Banks

Alternatives to Foreclosure

How can lenders save millions of dollars in foreclosure expenses?
According to the National Governors Association1 the Mortgage Bankers Association's Congressional Education Series Briefing on May 28, 2008 reported that “While losses can vary widely, several independent studies find them to be generally quite significant: over $50,000 per foreclosed home2 or as much as 30 to 60 percent of the outstanding loan balance.”3 Compound this with the 2-million homes projected to be foreclosed upon in the next 18-months and the num bers become staggering.
With our time proven method and our innovative approach utilizing the latest technologies available we can deliver the current market value of any property in as little to 4 to 6 weeks. When would any seller refuse the hassle free cash on the table? With our method we provide targeted promotion, a competitive environment where the final sale price goes up instead of down, no contingencies, selling the property in its present condition, with no closing costs where there are motivated and committed buyers.

Understanding your bottom line means knowing the most important rule in loss mitigation. The first loss is the best and least expensive loss. When lenders help home owners realize they cannot afford the payments and want to avoid the foreclosure the result is receiving the most cash possible for the collateral. Avoid the costly alternative to our method. Save the costs of foreclosure, don't run the risks of maintaining a property and letting equity erode.

Let True Blue Auctions show you how we can bring cash for real estate much faster than traditional real estate sales methods. Our methods raise the property being sold above ALL the rest on the market in a time defined manner with no surprise costs or tax issues.
Our proven method produces three possible outcomes for sellers.
1. Everyone is made whole with a cash payoff.
2. There is a short sale where the loss is based on a formula.
3. Provide the deed in place of waving the rights of redemption without involving the courts.

What makes our method the most attractive to lending institutions and their investors is that our method brings expeditious resolution while mitigating losses.
Our program is scalable to handle as much inventory that qualifies.

The bottom line is with True Blue Auctions we can provide cash or collateral while saving time all while maintaining decorum for those losing the property.

Contact Us today for help saving the costs associated with foreclosure.

1National Governors Association http://www.nga.org
2 http://www.nga.org/Files/pdf/0805FORECLOSUREMORTGAGE.PDF
3Desiree Hatcher, "Foreclosure Alternatives: A Case for Preserving Homeownership," Profitwise News and Views (a publication of the Federal Reserve Bank of Chicago) (February 2006),p.2 (citing a GMAC-RFC estimate) (http://wwwchicagofed.org/community_development/files/02_2006_foreclosure_alt.pdf ). See also Congressional Budget Office (CBO), ï¿½Policy Options for the Housing and Financial Markets," (April 2008), p. 17
4Karen M. Pence, "Foreclosing on Opportunity: State Laws and Mortgage Credit,"Board of Governors of the Federal Reserve System (May 13, 2003), p. 1 (http://www.federalreserve.gov/Pubs/feds/2003/200316/200316pap.pdf ). See also CBO, p. 17; Community Affairs Department, Office of the Comptroller of the Currency (OCC), "Foreclosure Prevention: Improving Contact with Borrowers," Community Developments (June 2007), p. 3 (http://www.occ.treas.gov/cdd/Foreclosure_Prevention_Insights.pdf ).