Cash or Collateral

The Foreclosure Alternative

Remember The “Golden Rule” of Loss Mitigation:

The first loss is your best loss

Cash or collateral offers lenders & borrowers an Early Mitigation (EM) solution to deliver ‘the present cash market value’ for any property in about 6 to 8 weeks.

This market has created a need for a quick cash-out solution for borrowers & homeowners who simply cannot afford their home.

This innovative foreclosure alternative is a win-win for all.

There are no surprises - cash or timely return of collateral.

Certified Home inspection.
Pre-foreclosure appraisal
Property Triage
Professionally marketed

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Cash Out or Recover Collateral

“Cash or Collateral” is an innovative alternative to costly foreclosures, equity erosion and risks of holding & maintaining thousands of vacant homes.

The methods used are based upon 2000 years of auctioneer traditions combined with 21st century technology.

Consumers benefit by saving credit rating and retaining dignity.

Lenders benefit by saving $40,000 to $50,000 average foreclosure & remarketing costs

Communities benefit by reducing the number of vacant & foreclosed homes

Professional Live & Internet Auction

Delivers Present Cash Market Value 'No Seller Commission'

EZ cash or property returned

Foreclosure Alternative

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Monetize your Collateral

Homes are sold at a live/Internet auction where there are only three potential outcomes

Payoff and cash out everyone is made whole & paid off.
Short sale (loss based on investors “secret” formula)
Deed in lieu with rights of redemption waived (voluntary non-judicial foreclosure)

Equity erosion, legal fees & holding cost are estimated to be $40,000 to $50,000 per home before counting the human casualty & community costs.

The most attractive feature to institutional investors and lending institutions is that a platform has been created to monetize real estate faster than traditional methods.

Collateral Snapshot

Certified Home Inspection

Provides 'collateral snapshot'

Incentives to vacate as inspected

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About Progressive Auction Exchange

Progressive Auction Exchange, LLC is a nationwide real estate auctioneer certified by the federal government & FDIC.

Progressive Auction Exchange, LLC is a recognized industry leader establishing 'The Industry Standard' in many aspects of the auction arena.

Progessive Auction Exchange, LLC is an SBA Certified Small HUBZone business and approved as a nationwide real estate auctioneer vendor.

Progressive Auction Exchange, LLC is offering this innovative service for the first time to select servicers & direct lenders

Foreclosure laws & regulations date back to the great depression of the 1930s and don’t account for modern technology. The foreclosure solution for today not 1933!