New Mediation Service!

We now do mediation coordination and filings to comply with the new D.C. Foreclosure Regulations. Our service is a must for lenders wanting a fast efficient foreclosure of residential properties, especially for small, asset based lenders. Call for details 202-966-0100.

Permit Expediting

As an adjunct to auction services National REO Auctions offers permit expediting. National REO Auctions assists in obtaining: construction permits, business licenses, certificate of occupancies, professional licenses, and other related licenses or permits.

Construction, Renovation, and Repair Division

As an adjunct to auction services National REO Auctions offers construction, renovation and property repair services. Since 1982 Victoria Goldsten, licensed auctioneer and vice president of National REO Auctions has coordinated real estate preparation by supervising contractors. All general and specialized contractors have been screened carefully, have proven to have quality services and are licensed and insured.

If you have any questions or would like an estimate please call to speak to Victoria Goldsten at (202) 966-0100. She will dispatch the appropriate contractor that will prepare a free estimate for you.

Testimonials

"Great real estate auction. As a customer of National REO Auctions I have felt comfortable with the staff. They treat the clients like family. I especially like one of the auctioneers technique." Read more testimonials...

Serving

Services & Fees

Serving Bankruptcy Attorneys, Estate Attorneys, Foreclosure Attorneys, REO and Asset Managers, Condo Associations, and Storage Facilities in Washington DC, Maryland, and Virginia.

National REO Auctions specializes in District of Columbia trustee sales. It currently handles over 80 trustee sales per month on behalf of various banks, finance companies, and law firms. National REO Auctions also handles voluntary auctions of: Real Estate, complete business contents, and personal estates. In the process of handling real estate auctions National REO Auctions provides auction promotion and manages/secures lender owned properties.

As a manager of properties, National REO Auctions acts as a receiver for institutions. An example of the many companies National REO has provided receivership for are: GMAC, Federal National Mortgage Association, Citibank and Washington Gas Company.

Service	Description	Fee
Mediation	We now do mediation coordination and filings to comply with the new D.C. Foreclosure Regulations. Our service is a must for lenders wanting a fast efficient foreclosure of residential properties, especially for small, asset based lenders.	Available upon request
Foreclosure Auction Request and Preparation	Fee necessary to begin foreclosure process, prepare for auctions, file and mail notices as required by DC law. Necessary DC recordation fees are in addition to the initial auction preparation fees.	Available upon request
Lender Take Back Auction Sale	There is no additional charge to conduct this sale. A lender take back is when the lender or one of its subsidiaries purchases the property at auction.	N/A
Auction Fee (Third party)	When a property is sold to a third party.	2.5% of the sale price
Substitution of Trustee	This is when the lender appoints a subsitute trustee.	Available upon request
Advertising	Advertisements are placed in the Washington Times. It is customary to advertise five times over a 2 week period. Advertising fees must be paid before ads are placed.	The price varies depending upon the number of lines requested
Bankruptcy and Estate Sales	Sale of contents of a business, personal home, or estate	FEE: 10 - 20% plus advertising costs. The fee can be considered a buyers premium upon request. With a buyers premium there is no cost to the seller except for the advertising. Any extra labor that the auction company provides will also be charged.
Storage Sales	Sale of personal items from a stroage facility	FEE: 20% of sales and advertising costs. Any extra labor that the auction company provides will also be charged.
Voluntary REO Sales	Sale of Real Estate owned by bank	Advertising costs plus a buyer’s premium of 8%. A buyer’s premium is at no cost to the seller. Advertising is to be paid by the seller.

With repeat business or bulk sales fees may be discounted and 30 days terms may be provided.