Auction.com Names Steve Price As Senior Vice President, Foreclosure

IRVINE, Calif., Aug. 31, 2017 /PRNewswire/ -- Auction.com, the nation's largest real estate transaction marketplace for distressed asset disposition, announced the addition of Steve Price as Senior Vice President, Foreclosure to lead its integrated Third Party Sales (TPS) program, which provides a marketing, educational, training and auction disposition service for sellers intending to sell properties in default at foreclosure sales.  

Price has more than 18 years of proven experience in the mortgage servicing industry, including a previous role with Auction.com, where he helped launch the TPS program, developed Auction.com's industry-leading approach to CWCOT management and oversaw the company's Salesforce implementation. Price also led the Ten-X Homes team, where he established a business strategy to deepen the relationship between residential consumer and agent adoption of the platform.

In his new role as head of foreclosure sales, Price will oversee the foreclosure sales team and leverage his in-depth understanding of technology to further grow the integrated TPS program, which is the largest of its kind, spanning over 3,100 counties with a marketing reach nationwide.

"Our sellers realize the benefits of our transformational approach to Third-Party Sales, as it creates a more open, convenient environment for buyers to bid on properties, improving both the sell through rate and rate of return," said Jason Allnutt, General Manager of Auction.com. "Steve Price's technical competency and thoughtful leadership during the launch of Auction.com's TPS program proved invaluable to making this program the largest of its kind in the country, and with him now leading the program, we look forward to the level of innovation he will initiate to drive continued growth in the future."

About Auction.com

Auction.com is the nation's largest online real estate transaction marketplace focused exclusively on the sale of bank-owned and foreclosure properties. The company brings a breadth of quality assets to the market, attracting prospective buyers through world-class marketing and leveraging a scalable technology platform to conduct transactions in a transparent, efficient manner.

Auction.com and its parent company, Ten-X, are headquartered in Irvine and Silicon Valley, Calif., with offices in key markets nationwide. Investors include CapitalG (formerly Google Capital) and Stone Point Capital.

SOURCE Auction.com