Condo.com Moves into Alternative Disposition
Saturday, May 24, 2008
Condo.com, an online marketplace for condos, is stepping into new territory and providing alternative disposition options to lenders who are dealing with hard-to-sell foreclosure properties.
Condo.com officially announced Friday that it's forming a brokerage and a marketing division to provide asset management and property disposition services for financial institutions who are grappling with an influx of REO properties. The company also hired Jim Fried, president of Sandstone Realty Advisors, to serve as director of the new division.
In a press statement, Condo.com said, “In addition to marketing and sales, Mr. Fried's group at Condo.com will offer asset preservation; pre-foreclosure evaluations; project repositioning; asset and property management and financial restructuring services.”
Fried when commenting on his new role within Condo.com said, “With so much negativity in the industry, it's refreshing to work with a company that takes a positive approach to the market and is designed to help the industry address the complex problems it is facing."
Condo.com officially announced Friday that it's forming a brokerage and a marketing division to provide asset management and property disposition services for financial institutions who are grappling with an influx of REO properties. The company also hired Jim Fried, president of Sandstone Realty Advisors, to serve as director of the new division.
In a press statement, Condo.com said, “In addition to marketing and sales, Mr. Fried's group at Condo.com will offer asset preservation; pre-foreclosure evaluations; project repositioning; asset and property management and financial restructuring services.”
Fried when commenting on his new role within Condo.com said, “With so much negativity in the industry, it's refreshing to work with a company that takes a positive approach to the market and is designed to help the industry address the complex problems it is facing."
