Press Releases

Auction.com Appoints Lee Leslie as Executive Vice President and Chief Legal Officer

IRVINE, Calif. – Feb. 18, 2015 – Auction.com, the nation’s leading online real estate marketplace, has named Lee Leslie as executive vice president and chief legal officer. Leslie has served as the firm’s interim general counsel for four months.   With 20 years of legal and real estate experience, Leslie oversees all legal, regulatory, intellectual property, corporate transactional and governance matters for Auction.com. Leslie works closely with Auction.com Chief Executive Officer and Co-Founder Jeff Frieden at the…

Auction.com Real Estate Nowcast for January Projects Weakening Home Sales

Auction.com, LLC, the nation’s leading online real estate marketplace, has released a revised January Auction.com Real Estate Nowcast™ projecting that existing home sales for the month will fall between seasonally adjusted annual rates (SAAR) of 4.83 and 5.19 million, with a targeted number of 5.01 million.

Auction.com Introduces National Hospitality Division

IRVINE, Calif. – Jan. 27, 2015 – Auction.com, LLC, the nation’s leading online real estate marketplace, has expanded its highly successful hospitality business with the formation of a new division focused specifically on the sale of hotel properties. The company closed transactions on 26 hospitality properties during the fourth quarter of 2014 and a total of 76 hotels last year. Properties sold in 2014 included full-service Holiday Inns, Marriott Courtyards, Hampton Inns and Suites, Country Inns by Carlson, Comfort Inns, Red Roof Inns, Best Westerns, Microtel Inns and other nationally recognized brands. A sample of sellers utilizing Auction.com in 2014 included RLJ Lodging Trust, Westmont Hospitality, Peachtree Hotel Group, Liberty Group, Garrison and Linchris Hotel Corp.

2015 Existing Home Sales Expected to Pick Up Where 2014 Left Off, According to Auction.com Real Estate Nowcast

IRVINE AND SILICON VALLEY, CALIF. – January 26, 2015 – Auction.com, LLC, the nation’s leading online real estate marketplace, has released its January Auction.com Real Estate NowcastTM which projects that existing home sales for the month will fall between seasonally adjusted annual rates (SAAR) of 4.90 and 5.21 million annual sales, with a targeted number of 5.06 million. This suggests that January sales will be up from one year ago and essentially flat compared to…

Auction.com iPad App Used by Bidder to Buy Best Western Hotel for $2.2 Million

IRVINE AND SILICON VALLEY, Calif. – Jan. 12, 2015 – Auction.com, LLC, the nation’s leading online real estate marketplace, today announced the $2.2 million sale of the Quail Hollow Inn, a Best Western property, in Benson, Arizona to Kalthia Group Hotels, a growth-oriented hospitality management company. Himanshu Sarvaiya, vice president of development with Kalthia Group Hotels, also became the first bidder to win a commercial real estate auction using the Auction.com iPad app. …

Statement from Auction.com Research Topic: Bureau of Labor Statistics (BLS) December Employment Situation

With today's release of the Bureau of Labor Statistics (BLS) December Employment Situation report, real estate investors saw a mixed bag of high job growth with little wage improvement.  Chris Muoio, senior associate and economist with Auction.com Research, offered the following analysis:     "December saw 252,000 jobs added, beating expectations.  Additionally, November’s huge gain was revised even higher, and now shows 353,000 jobs added in the month.  Payrolls added an average of 246,000 jobs per month this…

Inlanta Mortgage Opens New Illinois Branch Office

January 8, 2015, Brookfield, Wis.  – Inlanta Mortgage, Inc. is pleased to announce its expansion in Illinois with the addition of a new mortgage branch office in Oswego, Illinois. The Oswego location is managed by veteran loan originator Jim Gussman. Gussman has more than twenty years of experience in the mortgage industry. Prior to Inlanta Mortgage Gussman was a branch manager at Cherry Creek Mortgage. …

Auction.com Facilitates the Closing of More than $205 Million in Commercial Assets in November

IRVINE, Calif. – January 6, 2015 – Auction.com, LLC, the nation’s leading online real estate marketplace, reported closings on 74 commercial assets throughout November with a total combined value of more than $205 million. The office sector continues to show strength on the Auction.com platform. “Pricing in the office segment continues to outpace the fundamentals, making this a market best suited for patient investors who can see the long term potential a property can achieve,” said…

Black Knight Financial Services' "First Look" at November Mortgage Data: Delinquencies Jump 12 Percent From October; Foreclosures Continue Decline

-          National delinquency rate back above 6 percent for first time since February -          Increase seen across all categories of pre-foreclosure delinquencies -          Foreclosure inventory continues decline; reaches lowest level since January 2008 -          Foreclosure starts down 9 percent month-over-month; lowest level since May 2006 JACKSONVILLE, Fla., Dec. 30, 2014 /PRNewswire/ -- The Data and Analytics division of Black Knight Financial Services reports the following "first look" at November 2014 month-end mortgage performance statistics derived from its loan-level database representing…

November Auction.com Real Estate Nowcast Predicts Existing Home Sales of 5.25 Million Units

Early forecast of November housing numbers buck seasonal trends; Sales flat compared to October, up significantly from November 2013

Auction.com Named One of AlwaysOn’s OnMobile Top 100 Companies for 2014

IRVINE AND SILICON VALLEY, Calif. – Nov. 13, 2014 – Auction.com, LLC, the nation’s leading online real estate marketplace, has been chosen by AlwaysOn as an OnMobile Top 100 winner for 2014. Selected companies are recognized for their potential to innovate in large markets – something Auction.com has succeeded at in the residential and commercial real estate space, first with its online real estate auction platform and more recently with its iPad application, which has…

Commercial Real Estate Recovery Continues to Strengthen According to Auction.com Research Report

Auction.com, LLC, the nation’s leading online real estate marketplace, today released its Q3 2014 Commercial Real Estate (CRE) Market Monitor™, which shows healthy increases in deal volume and pricing as cap rates and risk premiums decline. One of the main drivers of the CRE market recovery is the apartment sector, which accounts for the second-largest share of CRE transaction volume behind the office sector and has the lowest cap rate and risk premium among the five major sectors.

National Field Representatives Celebrates 25th Anniversary

Claremont, NH - 15 September 2014 – National Field Representatives (NFR) celebrated 25 years of operations. Since it’s founding, NFR has maintained a firm commitment to providing high-quality mortgage field services. The state of the mortgage industry has changed drastically and NFR continues to meet the ever changing needs of community banks to the largest mortgage services. What started in 1989 as a small company with nine employees has evolved into a company of over 200…

IDS Creates Internal Team to Manage Mortgage Doc Prep System Integrations

Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has created an internal team devoted solely to developing and maintaining integrations between its flagship document preparation system, idsDoc, and its third-party partners.

Auction.com Launches Real Estate's First Nowcast

October 30, 2014 –Auction.com, LLC, the nation’s leading online real estate marketplace, has launched the real estate industry’s first Nowcast, a new housing report that combines industry data, proprietary company transactional data and publicly available Google Trends data to predict market trends as they are occurring – weeks before the findings of other benchmark…

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