Lenders are starting to get the picture that they can’t keep REO properties in their portfolio forever, according to a new analysis from PropertyAuction.com. The practice the company has dubbed “extend and pretend” — which refers to banks “extending” the holding period of a property in their portfolio while “pretending” that the value is still [...]

MIRAMAR BEACH, Fla. (June 8, 2011) — For real estate and auction marketing professional  Jeff Jourdan, the biggest difference between conventional brokers and auctioneers is time: Specifically, the time you have to get results. That’s why his firm, Coastal Auction Group, is approaching the challenge of selling a condominium in Miramar Beach’s Tops’l Resort as [...]