Brecht Palombo Founder DistressedPro.com and Auctioneer for Nationwide Commercial Sales (Tranzon)

Speaks to CREPIG about the current state of the Commercial Bulk REO and Notes Markets. The Good the Bad and the Ugly.

120911 Brecht Palombo Edit 01

Brecht and I have know each other as acquaintances for over 4 years now. I have always been interested in what Brecht was doing as he started DistressedPro.com around the time I was working on CRE Distressed Assets Assoc. CREDAA.

Brecht has made success out of distressed properties on the web as few others have and I applaud and am jealous of him at the same time.

I want to thank Brecht for his frank, no nonsense opinion and the wealth of info that he brought to this conversation  – JW

Brecht Palombo

As an auctioneer I work for lenders, special servicers, attorneys, court appointed trustees, receivers and businesses and provide them with rapid commercial real estate, multifamily, and construction property or note disposition services via online auctions, live auctions, sealed bid, or hybrid bid formats. I act as a single point of contact for real estate auctions nationwide.

Real estate auctioneer and software entrepreneur.

Brecht also designed, developed and currently markets an online web application that real estate, investment and banking professionals use to find bank contacts and evaluate the REO and non performing loan information for 97.3% of US banks via ‘live’ call report data.

Distressed Pro:

Distressedpro.com is home to BankProspector, the fastest easiest way to find banks and bank contacts with non performing loans and REO, GUARANTEED, or your money back.

BankProspector is the only software that lets you see the late and non performing loan portfolio details of any US bank.

With BankProspector you can find banks with distressed residential, multifamily, commercial, and construction loans nation wide. Research banks to find non-performing notes for sale, real estate loans in default, and bank owned real estate.

* Brokers: Find banks with residential, commercial, or multifamily REO
* Investors: Pre-foreclosure opportunities, loans for sale and more
* Developers: Capitalize on broken condo deals, distressed construction
* Attorneys: Research lenders who need your services
* Bankers: Get an instant detailed view of your competitors real estate reporting.

Specialties

bank research, bank data, non performing loans, distressed real estate, bank owned real estate, notes for sale, workout, special assets, REO, OREO, auctions, foreclosures.

Tranzon Auctions

At Tranzon Brecht serves as a single point of contact for distressed asset services nationwide.

Lenders’ workout and special assets groups, turnaround professionals, CMBS special servicers, attorneys, court appointed trustees and receivers as well as businesses rely on Brecht to provide rapid commercial real estate disposition and real estate loss mitigation services.

His services include site inspections, foreclosure auctions, bankruptcy auctions, negotiated or accelerated commercial REO sales, and rapid corporate real estate and business asset dispositions.

Tranzon is a nationwide auction company helping owners sell their real estate in the shortest possible time, at the highest possible price. Tranzon’s independent member companies combine the benefits of local market knowledge with the resources of a national organization. With trained and licensed staff who are among the most talented, experienced and longest-tenured in the industry, we provide a single point of contact for all of your local, regional and national asset sale needs.

Links:

Distressedpro.com
Trazon Auction
Brecht’s Blog – Brechtify.com

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This post courtesy of the Commercial Real Estate Professionals and Investor Group who are dedicated to bringing news, information and resource to the commercial real estate industry. www.CREPIG.com