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STRATEGIC DEFAULTS-MORE ARE CHOOSING TO WALK AWAY FROM THEIR HOMES

Troy Fowler (Auction Generation) — Tue, 10 Nov 2009 06:56:14 -0600

As the economy continues to suffer and property values deflate, more and more Americans are voluntarily walking away from their homes and mortgages. This wave of voluntary foreclosures are known as strategic defaults.

It is predicted that scores of homeowners will consider walking away from their homes in the coming 18-24 months, adding yet another layer of distress to an already beleaguered real estate industry. Quite simply put, if homeowners feel it makes no sense to hold on to their overvalued homes and walk, it could become a significant drag on the real estate market for many years to come.

California and Florida are currently facing the highest number of strategic defaults in the country. Until prices stabilize and mortgage lending becomes more readily available, we may be reading about this and seeing it occur in our neighborhoods in the months and years ahead.

Auction Generation is a full service real estate company offering a full menu of BPO and REO services. We also list, sell and auction real estate. For more information, please contact Troy fowler at 305-206-0349

The ever conflicting real estate marketplace

Troy Fowler (Auction Generation) — Mon, 24 Aug 2009 17:46:06 -0500

News reports continue to show increases in single family real estate sales across much of the country. These sales are occurring due in large part to very deeply reduced prices by sellers, short sales or bank owned property being sold at a fraction of previous sale prices.

At the same time, we continue to see climbing delinquencies and foreclosures now spreading beyond the 5-6 critical states where they originated.

What does this mixed information tell us. In my opinion, it suggests the beginning of a very long correction that will continue to see a consistent pattern of purchases and a continued high degree of delinquencies.

The good news is that you can once again sell your property, the other news is ...for what price?

To achieve the highest price the market will offer on a given date and sell your property using the most advanced marketing techniques to attract multiple buyers, choose the auction method. You will sell and your property can be exposed to literally thousands of potential buyers prior to sale date to obtain the highest price possible.

To learn more about how a well planned auction can work to your advantage, please visit www.Auction-Generation.com or contact Troy Fowler at 305-206-0349

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A new generation of selling real estate: raffle and traditional auctions

Troy Fowler (Auction Generation) — Mon, 24 Aug 2009 10:11:04 -0500

In today's stagnant economy, real estate continues to prove to be a challenge to sell in most cases.

Sellers are being forced to wait years to move there property and often at prices that they never imagined they would have to sell for. Coming to the realization of what a property may sell for vs. the asking price is the first step in determining if a seller is ready to auction.

The auction method offers so many benefits over the traditional listing/sales methods. One benefit which is becoming more and more important is time and the time value of money which is locked up in idle real estate. Today's. many sellers are more motivated than ever before and buyers are scarce. This is all the more reason to choose a creative, high impact approach to sell your property through auction.

I personally think the raffle approach is very creative and offers a wonderful alternative to link with a non profit as part of the sales approach. I also believe that there is still a lot of awareness and confidence building needed to make this a more viable approach. Real estate auctions have been around for decades. They are once again becoming the preferred method for sellers who are seeking a quick and efficient method to attract multiple buyers at one time to sell your property and close with 45 days.

To learn more, please visit www.auction-generation.com

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The jury is still out on the pace of sales in the luxury market

Troy Fowler (Auction Generation) — Thu, 20 Aug 2009 09:07:42 -0500

If you speak withy many of the leading real estate brokers in South Florida, they would have you believe that the ultra luxury market is back!! In fact there has been an up tick in sales of homes/condo market over the $2-3M
level during the past several months.

However when you dig deeper, the underlying factors do not really appear to be a return to the good old days, but rather selected opportunities to purchase these properties at very deep discounts by those with very deep pockets

Just days after reading an article about the bounce back of the luxury market, I read an interesting article a leading South Florida daily business publication that seemed to suggest just the opposite.

In the very high end community of Manalapan, sales have been very slow. Now, I do not mean to compare this community with the $2-3M market, but this is certainly an area where the ultra wealthy would be buying if they believed the market was back!

Luxury Home Miami Auction Generation Miami Skyline

I do believe that we will continue to see isolated cases of purchases in many markets, especially single family homes that he bought at considerable discounts. Otherwise, I continue to maintain a strong conviction that the market has years to go before recovering and it will reshape the Florida real estate landscape before we reach a normal supply and demand.

If you are thinking of selling, no matter the value or type of property, please research the auction alternative. Please visit my web site www.auction-generation.com or call Troy Fowler at 305-206-0349.

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The Smart Money is Returning to Florida

Troy Fowler (Auction Generation) — Mon, 17 Aug 2009 16:44:49 -0500

If you speak with many of the Brokers of real estate companies throughout the state of Florida, there is a feeling that buyers are returning to the market.

It seems that many documented sales have been recorded in the luxury market, especially in the 2M and above category. There has also been a large increase in sales by first time buyers and investors who are buying REO properties and flipping them for a quick profit.

The general thinking is that with the large number of baby boomers that will be retiring over the next 20 years, Florida's current large surplus will be absorbed and it will return to a place where owning real estate will once again become a great investment.

As one long-term investor put it, real estate never was meant to return a quick profit!

I believe that much of what I have read is true. On the other hand, I know that factually speaking, the real estate market is a very slow moving mechanism and while these positive feelings are encouraging, we still have a long and rough road ahead.

It would be nice to think that the worst is over and better days are just ahead. It took us seven long years to get here and we will not return to that "normal "state of supply and demand for years to come. In summary, I believe the investor who stated that real estate was never meant to turn a fast profit was very profound!

Sellers, always remember, if you are trying to sell and have not been invest real estate miamiable to, or you are just ready to move forward, investigate how a well executed auction can produce great results.

To learn more, please visit www.auction-generation.com

Quotes from me regarding Auction in "Miami Today News"

Troy Fowler (Auction Generation) — Thu, 13 Aug 2009 19:50:59 -0500

Sold:Auctions becoming popular alternative to sell homes

By Marilyn Bowden,

We've heard from members that 2008 was a sit-out year as people waited to see where the market was heading.' Chris Longly `If I had a property to auction, I would not want the gamble on an absolute auction unless I had to.' Troy Fowler

More and more would-be sellers are looking into auctioning off residential properties rather than listing them for an indeterminate time in a market where prices continue to fall, auctioneers say.

According to the National Auctioneers Association, the number of residential real estate properties sold at auction nationally increased 47.7% from 2003 to 2008.

"Auctions have not in the past been common in real estate,"
said Chris Longly, association spokesperson," but they are becoming more so as we move forward." He said it's estimated that sales of residential real estate by auction grossed $58.6 billion across the US last year, a 1.1% increase over the 2007 total.

"We've heard from members that 2008 was a sit-out year as people waited to see where the market was heading," Mr. Longly said, "but they are seeing more activity this year as people accept reality and become much more aggressive."

Jim Gall, president and founder of Miami-based Auction Company of America, said auctions have two advantages over traditional sales.

"People are realizing that auctions are not only the fastest and most effective way to sell their homes," he said, "but also bring the true fair market value of the property. They can sell as is without any financing contingencies, so it can be a real win for them."

Those who need to sell within a specific timeframe are most likely to seek out the auction process, said Laura Brady, president of Boca Raton-based Concierge Auctions, an affiliate of Sotheby's concentrating in the luxury market.

"We are definitely seeing it growing as an available alternative to traditional brokerage,"
she said.

Mr. Gall said the most activity currently comes within the $500,000-$1 million price range, where mortgages are just now starting to adjust.

"The area where I have the most success is with probaterelated properties," said Troy Fowler, principal of Auction Generation in Miami, "people who have inherited a property they are not emotionally attached to and that will become a burden."

Sellers who want to guarantee a certain return can set a minimum price, or reserve.
Otherwise, in what is called an absolute auction, the property is sold to the highest bidder.

"An absolute auction is the way to go," Mr. Gall said, "because it brings out a lot more buyers, the bidding gets intense and the seller ends up with more money."

Sometimes, Ms. Brady said, it's necessary to get lenders as well as buyers to agree to an absolute auction, especially when, as is common today, the price achieved is likely to be less than the amount owned on the loan.

"We have to educate sellers on the inventory situation in their area," she said. "It could take upwards of five years for some of these properties to sell.

"We've found that the majority of our sellers are very pleased. They have been so frustrated by the status quo that they're happy to see the turnout that we've produced. And they are able to see the value of the property firsthand on auction day."

Mr. Fowler said about 90% of his auctions are reserve auctions, and he finds they can draw a good crowd.

"Sometimes an absolute auction is too risky," he said.
"If I had a property to auction, I would not want the gamble on an absolute auction unless I had to."

Mr. Fowler, who is also licensed as a real estate broker, said he won't take a property unless he believes the reserve price is achievable but often sellers end up accepting lower bids anyway, rather than forfeit the money they paid in advance for advertising and gambling on listing the properties with a broker instead.

For buyers at auction, it's caveat emptor, said Mr. Gall.

"They need to know their pricing," he said, "and they might want to have a home inspection done as well, because the property is sold as is."

The terms include a 10% buyer's premium added to the top bid to pay the auctioneer, he said, and buyers must pay a 10% deposit on auction day.

Ms. Brady said about 85% of buyers over the years 100% so far in 2009 have been endusers.

"We've seen investor interest in some of our properties," she said, "but end-users are paying the highest prices. We get a lot of international participation from bidders."

Not all bidders are physically present, Mr. Fowler said; his auctions frequently include bids taken over the phone or the Internet.

There's some distrust, he said, between auctioneers and brokers.

"I'd like to see more collaboration" he said, "between the traditional real estate community and auction community."

One the other hand, Ms. Brady said, "we oftentimes hear from Realtors and buyers that we produce market value, and the auction process is a viable alternative to producing the highest value on the property."

The challenges of moving into new or unfinished communities

Troy Fowler (Auction Generation) — Wed, 12 Aug 2009 11:44:22 -0500

As Florida continues to deal with partially completed high rises and town home/residential communities, those who are often the first to occupy them can often face multiple challenges.

Many developers have reported that due to unpaid maintenance and original buyers that have backed out of these purchases, those remaining have to deal with challenges that they never expected. This has left many of the new owners that have moved in dealing with issues including theft, squatters, lack of hired security, few if any amenities, poorly maintained grounds and a general feeling of lack of safety.

With scarce buyers and thousands of unsold units, it is time that developers and lenders begin to take aggressive measures to sell theses properties so that many of these concerns can be addressed and these communities can begin to operate as the plans called for.

A well managed real estate auction can provide the critical benefits to aggressively market a property to thousands of potential buyers and generate sales that can start the process for turning these properties around.

As the real estate market continues to dominate the headlines, the question remains, has the market bottomed out?

Troy Fowler (Auction Generation) — Tue, 11 Aug 2009 12:58:16 -0500

I was watching a panel debate on this topic last night (with my dog) and one thing became very clear, no one is clear on this answer. Of course, when you have the company leaders of the countries largest real estate firms weighing in, they are almost obligated to put a positive spin on things. Being in the real estate industry myself, I want to believe the worst is behind us. Unfortunately, I do not.

I do believe that there are rational arguments for why one would take either position. Depending on where you live in this country, your exposure and the reality can look very different. I happen to reside in South Florida, one of the hardest hit markets in the country. Without getting into the dynamics of why certain markets and speculation played a key role that put us in this situation, I believe that the result has spilled over into the overall health of our economy and it will take at least another 2-4 years to work our way out of it.

I also believe that until we once again reach a normal supply/demand ratio in housing, the economy will remain vulnerable, as so much of our GDP is either directly or indirectly tied to housing and construction.

Until then, we have to work with what we've got and strive to make deals happen that move us back in the right direction.

Follow me on Tweeter for my updates! Thank you: http://twitter.com/troyflorida

Rising Mortgage Rates and the Impact on Sales

Troy Fowler (Auction Generation) — Fri, 12 Jun 2009 14:53:29 -0500

As the real estate market in South Florida continues to find the floor in terms of pricing, another nuisance is slowly finding its way into the marketplace ...interest rates!!!! Thankfully mortgage interest rates have been at historic lows for quite some time now. This has been taken for granted and with market turmoil and the huge surplus of available housing, rising interest rates have a direct impact on the ability for many buyers to qualify for the home of there dreams.

As a Licensed Auctioneer, we are very fortunate that the vast majority of purchasers pay cash. This in part is due to the specific guidelines and the pre bidder registration process which includes a no contingency clause for the buyer, even financing!!!

If rising interest rates and a over supplied sluggish market have you second guessing when or if you can sell any time soon, you owe to yourself to consider the Auction sales method.

Auction Hallandale Beach 3/2 SOLD

Troy Fowler (Auction Generation) — Wed, 10 Jun 2009 10:09:03 -0500

Auction Hallandale Beach SOLD

Handyman special 3Bd/2Ba (1,600 SqFt). Nice neighborhood close to beach. Out of town owners Handyman CBS home. East of US1 on quiet street minutes to the beach. 3Br/2Ba. One Bedroom has seperate entrance. Family room. Newer roof.

Close to GulfStream Park and Casino as well as the new Village at Gulf Stream Park (upscale shopping mall). The entire area is being redeveloped as a part of the citys master plan. This home is a great starter home or a wise investment.

SOLD!

A new generation of selling real estate: raffle and traditional auctions

Troy Fowler (Auction Generation) — Mon, 08 Jun 2009 14:53:16 -0500

In today's stagnant economy, real estate continues to prove to be a challenge to sell in most cases.

Sellers are being forced to wait years to move there property and often at prices that they never imagined they would have to sell for.

Coming to the realization of what a property may sell for vs. the asking price is the first step in determining if a seller is ready to auction. The auction method offers so many benefits over the traditional listing/sales methods.

One benefit which is becoming more and more important is time and the time value of money which is locked up in idle real estate. Today's. many sellers are more motivated than ever before and buyers are scarce. This is all the more reason to choose a creative, high impact approach to sell your property through auction.

I personally think the raffle approach is very creative and offers a wonderful alternative to link with a non profit as part of the sales approach.

I also believe that there is still a lot of awareness and confidence building needed to make this a more viable approach. Real estate auctions have been around for decades. They are once again becoming the preferred method for sellers who are seeking a quick and efficient method to attract multiple buyers at one time to sell your property and close with 45 days.

BPO/REO companies by Alphabetic order. Give me your feedback. Thanks

Troy Fowler (Auction Generation) — Sat, 06 Jun 2009 12:45:02 -0500

Advanced Collateral Solutions, https://www.acslinks.com/asp/Home/bpo.asp

Advance Valuation, www.advantagevaluation.com

America's InfoMart, Inc., http://www.quickbpo.com

Amerimax, www.amerimaxreoassetmanagement.com

BPO National, www.BPOnational.com

Broker Price Opinion, http://www.brokerpriceopinion.com

California REO Management, http://www.calreo.com

Clear Capital BPO Tracker, www.clearcapital.com/join/join_broker_terms.cfm

Corporate Asset Management, LLC, www.camreo.com

Corporate Valuation Services, www.provalu.com

EValuate USA, http://www.evaluateusa.com

Evaluation Solutions, http://www.evalonline.com

Fidelity National Asset Management, http://www.fnams.com/Default.aspx

Financial Asset Services, http://www.fasinc.com/vendors_agent_app.asp

Five Brothers, http://fiveonline.com

FNIS Valuation Services, http://www.mivalue.com

First American REO Servicing, http://www.firstamreo.com

First Preston, www.firstpreston.com

GMAC RFC, https://valuations.gmacrfc.com

Go BPO, Inc., http://www.gobpo.com
Land America Default Services, https://ladsvalues.landam.com

LAMCO, http://www.lendersreo.com

LB Market Evaluations, http://www.lbmarketevaluations.com

Market To Market, http://marktomarket.com

MGIC Real Estate Valuation Services, www.mgic.com

National Asset Management Group, http://www.nreo.com

National Default Servicing, LLC, www.defaultservicingllc.com

Nationwide BPOs, www.nationwidebpos.com

National REO Services, Inc. www.nreo.com/content/signup.aspx

New Vista Asset Management, www.newvistareo.com

SingleSource Property Solutions www.singlesourceproperty.com

PCV/Murcor, http://www.pcvmurcor.com/

Premier Asset Services, http://www.pasreo.com/

Promisor Asset Recovery Services, www.promisorassetrecovery.com

Pro-Teck Valuation Services, http://www.protk.com

Real Estate Management, www.reotech.com

Real Trans, www.ore-rmsi.com

REO.com, http://reo.com

REO America, www.reoam.com

REO Brokerage Group, http://www.reobg.com

REO Nationwide, www.reonationwide.com

REO Network, http://www.reonetworks.com

REO Solutions, http://www.reosolutions.net

REO World, http://www.reoworld.com

Residential Real Estate Review, https://www.rrreview.com/404.asp?aspxerrorpath=/SignUp.aspx

Value 8 America, http://evalue8america.com

Valuation Edge, http://www.valuationedge.com

Valuation Support Services, https://www.valuationsupportservices.com/Home/HomeFrame.aspx

W-M Realty Services, http://w-mgroup.com

We do not endore or support any of these companies listed below.

Thank you.

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Reo Specialists

Troy Fowler (Auction Generation) — Fri, 22 May 2009 10:56:40 -0500

We specialize in BPO services to assist service providers with our expertise in this field. We are also highly experienced in the areas of REO listings/sales and auctions. As the broker/owner, I have 3 decades of real estate experience and consulting with financial institutions (Citi Group, Deustche Bank, Bank of America, Merril Lynch, Key Bank, BNP Paribas, Credit Suisse Boston, Morgan Stanley and many more).

REO Properties
An REO (Real Estate Owned) is a property that goes back to Lender after an unsuccessful foreclosure auction.

With regard to REO properties, the Bank now owns the property and the mortgage loan no longer exists. The Bank will handle the eviction, if necessary, and may manage some of the repair process.

Selling REO's
Each Bank/Lender manages the REO process based on guidelines that are individually defined, but they all have similar goals. They want to get the best price possible and have often negotiated to achieve the highest possible price. However the market and expectations of Asset Managers may vary as inventories have increased and markets have slowed.

Property Condition
Banks always desire to sell a property in an "as is" condition. You may choose to hire professional inspection companies to determine the condition of the property. This is usually done to assist a potential bidder to better understand the highest price they are willing to offer based on the condition of the property.

The Auction Method Advantage
Banks are increasingly partnering with auction firms to offer multiple properties through the auction process. Depending on the property, location, condition, number of bidders etc., auctions can be an excellent method to purchase real estate.

FAQS about Auction

Troy Fowler (Auction Generation) — Wed, 29 Apr 2009 13:24:25 -0500

FAQS

Why should I sell my property using the auction Method?

Selling your property utilizing the auction method accelerates the sale of your property by creating an intensive marketing campaign and scheduled date for the property to be sold. Intensive advertising of a property that will be sold via auction creates a sense of urgency that will bring all interested buyers together on a specified date to bid competitively.

What do I need to do on auction day?

It is advisable that you arrive at the auction site at least 30 minutes prior to the time of the auction. By doing so, you will have plenty of time to view the property, ask questions, review materials and register at our registration table. A real estate auction can be over in a matter of minutes so don't be late! Although there is no obligation to bid at an auction, all prospective buyers must register in order to bid. To register, you will need to provide evidence that you have the earnest money deposit required to bid. A valid driver's license or other acceptable form of identification is also required. The earnest money deposit must be in the form of cash, certified check or bank/cashier's check. Credit cards are not generally accepted. See the Terms and Conditions of each sale to obtain the specifics as to the deposit requirements for the property of your interest.

How do I bid at an auction?

In order to bid at an auction, you need to attract the auctioneer's attention. You can hold up your bidder card or you can shout out "Yes". Many times there will be a bid assistant circulating among the bidders who can also convey your bid to the auctioneer on your behalf. Conversely, if you want to take yourself out of the bidding, just shake your head no when the auctioneer looks at you, or answer "No". If you are ever unsure whether your bid is the high bid at any given time, feel free to ask a bid assistant or the auctioneer to confirm this. The auctioneer wants to provide you every opportunity to place your bid and will not allow you to bid against yourself.

Is the condition of the property warranted?

No. The condition of the properties varies. Properties are usually sold "as is-where is" without a warranty or guarantee of any kind other than a clear title. Auction Generation encourages all bidders to inspect the property prior to the sale.

What do I need to know before bidding?

Before you bid you should inspect the property to determine its condition. You will want to check property records for relevant information and find out what is included in the sale. You may also want to obtain a pre-approved mortgage or line of credit - the purchase and sale agreement will not include any financing contingency. You'll also want to review all auction documents including the Property Information Package (PIP), and if necessary, obtain professional advice.

What is an Absolute auction?

Property that is auctioned as absolute is sold without a reserve or minimum. The property is sold to the highest bidder regardless of price.

How does a Reserve auction differ from an Absolute auction?

Unlike an Absolute auction, in a Reserve auction a pre-determined price (or reserve) must be met in order to sell the property. This reserve may be disclosed to the buyers or may be kept confidential with the seller.

As a homeowner and/or seller how do I list my property for sale with Auction Generation?

Auction Generation provides both traditional (listing and selling) and as Licensed auctioneer #AU3595. We also work directly with Real Estate Brokers/Agents. Please contact Troy Fowler at (305) 206-0349 for more information.

As a potential buyer, what do I need to bring with me to the auction to bid on the property?

All buyers intending to bid on property must bring with them: a valid form of picture identification. You will also need to bring a cashier's check payable to yourself. The amount required will be located in the brochure or the Property Information Package (PIP).

What happens to my deposit money if I am the winning bidder? What happens to my deposit money is if I am not the winning bidder?

Your Cashier's Check will be applied towards your deposit due on auction day if you are the winning bidder. The money will be held in an Escrow Account. If you are not the winning bidder, the Cashier's Check will be returned to you once the auction is over.

If I am unable to attend the live auction event, can I still bid?

Yes. Auction Generation accepts offers prior to the auction (Absentee bid). Bids may be submitted online or via telephone at (305) 206-0349 the day of the auction, providing you have been pre-registered to bid.

Why should a buyer place an offer prior to auction?

You have the option to purchase the property prior to the scheduled auction date. The property will be withdrawn from the auction if the offer is accepted.

Can I bid on behalf of another individual or entity?

Yes. The person who bids on behalf of another individual or entity must be prepared to sign personally on the day of the auction, should they win the property. If the person or entity is unable to take transfer of the property for any reason, then the person who bid at the auction will be deemed the purchaser and will become responsible for all the terms of the contract.

Are Auction Generation sales contingent on inspection or financing?

All sales are on an "As-Is, Where Is" basis. Buyers are encouraged to do their due diligence and begin making their financial arrangements prior to the auction. auctions are non-contingent transactions and are NOT subject to inspection or obtaining a mortgage. The seller must convey clear title to the property, free of all liens and encumbrances.

Can I preview and/or inspect a property prior to auction?

Yes, Auction Generation holds several preview sessions in the weeks prior to the auction. At this time, buyers will be given the opportunity to view the property and pick up a Property Information Package (PIP).

What is a Buyer's Premium?

It is a premium paid by the Buyer. The fee will be added to the high bid price. It is most often a percentage amount of the highest bid.

How long do I have to close on the Property?

Please see the specific Terms & Conditions of each auction to determine the length of time until closing.

Why real estate auction?

Troy Fowler (Auction Generation) — Wed, 29 Apr 2009 13:09:25 -0500

In today's slowing real estate marketplace, having the option to spotlight your property and maximize visibility is a critical benefit to getting it sold. It is, by far, the best possible method of attracting as many possible buyers on a single day and using a competitive bidding process to achieve the highest possible sale price.

Buyers act on your schedule by complying with the terms, conditions and sale date of the Auction. They are committed to sale on a specific date, therefore, they conduct their due diligence in advance and are prepared to bid on the day of the sale. Closings typically never exceed 45 days beyond the sale/auction date, offering you a complete timeline from the minute you agree to move forward.

Whether your property has been on the market longer than you expected, you wish to avoid a long drawn out sales and negotiation process, or are just ready to make that move that will enable you to move forward on your schedule.

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REAL ESTATE PRICES TOO HIGH WITH THREE YEAR SUPPLY

Troy Fowler (Auction Generation) — Thu, 23 Apr 2009 08:09:18 -0500

In Wednesday's New York Times, the business section featured an article about real estate auctions and the prices that were being offered for properties in major cities throughout the country.

I focused specifically on Miami, since our auction company is based in Miami. A graph at the bottom of the page depicted income to value ratios of 6 major cities, including Miami. Miami ranked the third worst city when determining affordability of housing.

The point being that Miami and much of Florida still has a way to go in the form of further price reductions to be in line with much of the rest of the U.S in housing affordability. This will play a major factor in helping us to return to a normal sales cycle. This in large is determined by the amount of available housing on the market.

At the moment Miami Dade has close to a three year supply of housing on the market. A healthy supply of available housing is considered to be 6-9 months by many industry experts. Obviously we have a very long way to go to achieve these ratios. I continue to promote the auction method as a key sales alternative to move inventory and accelerate the sales cycle so we can achieve a healthy housing market once again.

As most of already know, Florida is heavily dependent on housing and tourism as key indicators of our economy. I do not think many of need to be convinced that consumers will not be able to or have the desire to re enter the market or spend until our confidence in the housing market returns. Let's get to work and promote auctions to help us move towards stabilizing this crisis.

As a strong partner with Realtors, we provide a 3% payout to co broker any sale and make it very affordable for the seller to auction. For more information, please call Troy Fowler at Auction Generation. He can be reached at 305-206-0349 or visit the company web site at www.auction-generation.com to learn more.

Real Estate Auctions now more even more helpful with new Condo loan rules

Troy Fowler (Auction Generation) — Mon, 13 Apr 2009 12:01:36 -0500

Having spent several years working helping sellers/buyers understand the multiple benefits of a well managed real estate auction, I have learned that some sellers whether they be individuals, developers or financial institutions cannot get beyond a stigma that this is a negative sale

Real estate auctions have been a very successful medium for selling property throughout the U.S. and many parts of the world for many, many decades. Some areas of the U.S. are much more comfortable with the auction process and view it as a very viable option when they are considering the sale of their property.

When it comes to South Florida, in my opinion much skepticism remains and many walls need to be broken down in educating the public regarding the multiple benefits that auctions can offer.

As if the condo market was not already filled with enough challenges, new guidelines from Fannie Mae have just made it significantly more difficult for buyers and sellers alike to finance the sale of a condo unit. The new guidelines are mentioned in Sunday's Miami Herald (04/12/09), beginning on the front page. It is no secret that many of South Florida's condos will not meet the guidelines to qualify for these tougher new rules and only serves to add one more nail in the coffin for sellers and developers alike to add one more set of restrictions to an already struggling market. To quote Peter Zalewski, President of Condo Vultures.com "There is no question developers are discounting so dramatically because it is virtually impossible to obtain Fannie certification," Zalewski said

I think it is even more critical, now than ever before to help sellers and developers in particular recognize what can auctions offer. By having the opportunity to finally be free of properties that may be slowly deteriorating both financially and in some cases structurally, as they sit month after month and in many cases year after year with not even an offer can be an unbearably stressful. I could go on and on about this topic and hope that anyone who has the slightest interest in the auction process will visit my web site to learn more about the benefits of attracting qualified buyers and selling properties in 45 days or less through the auction process. The site includes a brief video that covers the general topics one needs to understand about an auction. The site address is www.auction-generation.com

Our end my article with our companies mission statement, Take Action, Choose Auction!!

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Obama's Speech Last Night........

Troy Fowler (Auction Generation) — Wed, 25 Mar 2009 09:54:44 -0500

If one thing is for certain, the speech last night evoked strong responses from both parties. While I always do my best to avoid the topic of politics, I do believe that one point that both parties and individuals alike agree upon is that until we clean up the toxic assets that were manufactured over the past 5-7 years, we will not be able to emerge and move forward with rebuilding this economy. The depth and breadth of toxic assets that has touched every economic class, individuals and corporations alike, is literally crippling our ability to function as a society. It is accelerating the erosion of the middle class as we know it and wreaking havoc throughout our entire economy.

We have seen the dramatic fall of the stock market, the bankruptcy filings of majors corporations, fortune companies being traded as if they were no better than junk, massive home devaluation, unprecedented job losses, a looming credit card crisis and a commercial real estate market that could just be the icing on the cake for a completely broken and broke economy.

Dealing with those who are to blame is a critical issue and must be dealt with, but more importantly, providing direct relief to the removal of bad or toxic assets and they are known, should be this administrations primary focus so that individuals and companies alike can slowly begin to see a ray of hope in what has become a feeling of hopelessness by so many Americans and countries throughout the world.

As a real estate auctioneer and a member of the National Association of Auctioneers, I believe that we should play a critical role in right sizing the housing crisis by facilitating the sales of property across this country to qualified buyers for the price that this market will offer. This is only one of many complex solutions that will assist in the correction needed, especially in real estate, to help this economy get back on its feet.

I am making no judgment as to which party or administration enabled this build up of what is now known as the perfect storm to occur. I can only hope and work toward offering my opinion and make efforts to do what I think is best to fix a broken economy. I welcome your views.

Auction Davie Land 10 acre - March, 14th at 12:30pm - AUCTION UNDER CONTRACT

Troy Fowler (Auction Generation) — Sat, 14 Mar 2009 15:48:31 -0500

AUCTION DATE: March 14th, 2009 at 12:30 Opening Bid: 600K

IDEAL INVESTMENT OPPORTUNITY FOR DEVELOPERS & INVESTORS

Don't miss this opportunity to own a prime 10 acre site in an excellent Davie
location. This parcel is located close to beautiful gated communities with upscale
homes and sits next to the Town of Davies's equestrian trail. This property is zoned
residential and suitable for the development of 8-9 one acre home sites. Both the
platting and site plans are currently in progress. Site plans are available.

The property has a small pond and it includes numerous fruit, palm and exotic
trees that create a beautiful landscape. Partial clearing of the outer areas of the
property adjacent to 21st street have been completed.

IDEAL OPPORTUNITY FOR A PRIVATE OWNER / INVESTOR

This beautiful 10 acre property could also be an excellent choice for an
individual or family who is seeking a tropical retreat in the heart of a highly desirable
Davie location.

It is ideal for nature lovers and those seeking a private refuge in a beautiful
setting. The landscaping includes. Palms, Royal Poinciana's, Ficus, Hong kong Orchid
trees and many tropical fruit trees including citrus, mango, star fruit, lychee,
macadamia, guava, banana and barbados cherry. You still have an abundance of land
to raise your own vegetable garden, grow your own tropical garden or nursery

Horses are allowed on the property.

This one of a kind parcel can provide the discriminating land owner the
opportunity to build their own dream home or retreat and enjoy a truly one of
a kind tropical oasis.

Call Troy Fowler Lic. Real Estate Auctioneer #AU3595, #AB2717, AARE & Lic. Real Estate Broker. Or visit www.DavieLandAuction.com for more info and pictures!

AUCTION UNDER CONTRACT

Auction Hallandale Beach UNDER CONTRACT

Troy Fowler (Auction Generation) — Mon, 09 Mar 2009 11:23:29 -0500

Handyman special 3Bd/2Ba (1,600 SqFt). Nice neighborhood close to beach. Out of town owners OPENING BID: $120,000.00

Handyman CBS home. East of US1 on quiet street minutes to the beach. 3Br/2Ba. One Bedroom has seperate entrance. Family room. Newer roof.

UNDER CONTRACT!

Auction Hallandale Opening bid 120K March 7th, Saturday

Troy Fowler (Auction Generation) — Wed, 04 Mar 2009 09:11:32 -0600

OPENING BID: $120,000.00 Handyman CBS home. East of US1 on quiet street minutes to the beach. 3Br/2Ba. One Bedroom has seperate entrance. Family room. Newer roof. Close to GulfStream Park and Casino as well as the new Village at Gulf Stream Park (upscale shopping mall). The entire area is being redeveloped as a part of the city's master plan. This home is a great starter home or a wise investment. Auction date: Sat. March 7th at 12:30 PM. Pre offers encouraged. Broker Participation: 3% Open house every Sat. & Sun. between 12:30pm & 4:00pm. Easy showing (Lock Box), please contact Troy Fowler Lic. Real Estate Auctioneer (#AU3595, #AB2717, AARE, CES) at 305 206 0349 You can also visit http://www.hallandalehomeauction.com/ for more info and photos !

AUCTION satuday March 7th at 12:30 Hallandale Beach. Opening Bid:120K

Troy Fowler (Auction Generation) — Tue, 03 Mar 2009 16:30:10 -0600

Handyman special 3Bd/2Ba (1,600 SqFt). Nice neighborhood close to beach. Out of town owners - Must be sold! OPENING BID: $120,000.00

Handyman CBS home. East of US1 on quiet street minutes to the beach. 3Br/2Ba. One Bedroom has seperate entrance. Family room. Newer roof.

For mor info and photos. Please visit the website below for a map & 3D aerial view of the property.

Auction Home Hallandale 3% Broker coop! Opening Bid 120K Saturday March,7th

Troy Fowler (Auction Generation) — Tue, 03 Mar 2009 16:08:48 -0600

Handyman CBS home. East of US1 on quiet street minutes to the beach. 3bd/2ba ( one bd has seperate entrance). Family room. Newer roof.

Close to Gulfstream Park and Casino as well as the new village at Gulf Stream Park (upscale shopping mall). The entire area is being redeveloped as a part of the city's master plan. This home is a great starter home or a wise investment.

AUCTION DATE: March, 7th

Adress: 817 NE 2nd Street

For more photos and register please visit www.hallandaleHomeAuction.com

Real estate auction: today & tomorrow...

Troy Fowler (Auction Generation) — Thu, 26 Feb 2009 12:36:25 -0600

I believe that the vast majority of property owners and even many financial institutions did not realize just how dire the consequences of creative lending would have on our entire financial system and the economy in general.

I believe that our economy will not begin to grow again until we begin to see a flattening out of the current real estate implosion. Auctions offer an expedited alternative to help us reach that point.

Auctions currently represent a $270 billion dollar yearly business with real estate being one of its hottest sectors, accounting for approximately $75 billion. With the recognition of ongoing carrying costs and or the loss of return on capital locked up in idle assets, well planned auctions can effectively minimize expenses connected with maintaining unsold properties.
Auctions can also provide more immediate liquidity by greatly reducing the time and associated expenses connected with the carrying cost of unsold units/homes and commercial properties.

Visit www.Auction-Generation.com for a brief video presentation describing the auction method. Our firm handles all aspects of the auction process including preparation of the property, developing an intensive pre- auction marketing campaign, managing the auction (set up, conducting auction, follow through to close). We offer an experienced team of Senior Auctioneers, Sales & Marketing, Project Management and Administration.

Ne manquez pas cette ocasion en or! 3/2 maison a Hallandale Beach mise aux encheres!

Troy Fowler (Auction Generation) — Thu, 26 Feb 2009 12:10:16 -0600

Le 7 mars aura lieu une vente aux encheres a Hallandale Beach! C'est une maison qui se compose de 3 chambres a coucher et 2 salle de bain. Vous avez aussi un joli jardin situe a l'arriere de la maison.

Le toit a 6 ans d'age. Vous avez une cheminee a gaz dans la salle a manger et la troisieme chambre a coucher a sa propre entree et salle de bain!

Meme si La maison a besoin de quelques travaux, c'est une solide maison (ciment). Venez inspecter la maison durant les portes ouvertes samedi et dimanche (entre 12:30 et 4:00pm) et rencontrez le maitre priseur. Il se fera un plaisir de repondre a toutes vos questions.

Vous pouvez telephoner a Troy Fowler au 305.206.0349, licensie maitre priseur #AU3595 et il vous indiquera la marche a suivre pour participer a cette vente aux encheres. Surfez aussi sur www.HallandaleHomeAuction.com pour trouver plus d'infos et de photos.

La maison se situe a l'adresse suivante: 817 NE 2nd St, Hallandale Beach. Et la vente aux encheres s'ouvrira au prix de $120,000.00 . Le vendeur n'habite pas en Floride et est tres motive.

A bientot!