Tranzon Engaged by TD Bank to Auction REO Portfolio

Tranzon Auction Properties, with corporate offices in Portland, Maine, 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, Fla. to a former nightclub in Atlantic City, NJ. Tranzon Auction Properties has partnered with its affiliates, Tranzon Alderfer (Penn.), Tranzon Fox (Va.), and Tranzon Driggers (Fla.), 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. "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," said Thomas Saturley, president of Tranzon Auction Properties.