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The Real Estate Auction Franchise Provider


 

Auctioneers:
 
Paul Spere
(951) 830-7826

Jennie Spere
(909) 772-6570

Mailing Address:
 
The Auction Portal, Inc.
10700 Civic Center Dr., # 100B
Rancho Cucamonga, CA  91730
Phone: 951.830.7826
 
 
 

Maximize Profits by Turning your REO Portfolio Quickly

Traditional REO Holding Costs - 6 Months

PAX Forward Flow - 75 Days

Commission 5% on $450K $22,500.00   Commission $0.00
BPO $100.00   BPO - (free / placement of 5 or more REOs) $0.00
Daily Costs (based on 180 days @ $250) $45,000.00   Daily Costs (based on 75 days @ $250) $18,750.00
Title Fees $2,000.00   Title Fees $2,000.00
Eviction $750.00 VS Eviction $750.00
Cash for Keys $1,000.00   Cash for Keys $1,000.00
Vendor Management $2,000.00   Vendor Management $0.00
Maintenance $300.00   Maintenance $300.00
Repairs per REO   Repairs per REO

$73,650.00  
$22,800.00
All Costs are Estimates *
  All Costs are Estimates *

A Difference of $50,850.00 per REO!

Why Choose PAX - 30 Days and Gone?

  • Live and On-Line Auctions 365 Days a Year
  • Non-Contingent Buyers Only!
  • No Real Estate Commission Paid by the Bank
  • No Negotiating
  • 75 - Day Turnaround
  • Comprehensive BPO
  • Multiple Qualified buyers Bid on your REO's
  • Interior Cleaning and Trash-Out
  • Yard Maintenance
  • Vendor Management
  • Occupancy Status
  • Auctions Held at the Property
  • Comprehensive Marketing Plan and Materials
  • Licensed Real Estate and Loan Agents
  • Management Reports
  • DRE Approved Forms
* Cleaning, Maintenance, Utilities, and Marketing Costs to be Determined.

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