FRISCO, Texas, Dec. 16, 2014 /PRNewswire/ -- Matt Martin Real Estate Management LLC (MMREM), a diversified national real estate services firm, has announced that it has executed a definitive agreement to acquire a leading online real estate auction company, RealtyBid.com. RealtyBid.com will retain its brand name and operate as a wholly owned subsidiary of MMREM with its current management team intact. Financial details of the transaction were not disclosed.
Based in Rainbow City, Alabama, RealtyBid.com was founded in 2001 by a group led by Tony Isbell, a 20-year veteran of the real estate auction business for residential and commercial properties of all types. RealtyBid.com was an early mover in the online property auction space and specializes in the expedited sale of many classes of residential and commercial real estate, including bank-owned assets, investment properties, condominiums, ranches and land, and mixed-use real estate. The company uses a proprietary technology platform to make transactions less cumbersome and more cost effective, while achieving market sales prices for sellers.
"The RealtyBid.com platform is among the industry's elite auction sites for the complete range of real estate assets," said Matt Martin, CEO of MMREM. "Our company has been at the forefront of diversified property services for ten years, and has thrived by being nimble and innovative. Online processes are the future for real estate asset sales, and MMREM is now able to help clients make that evolutionary change with the additional synergies provided by RealtyBid.com," Martin explained.
"This acquisition greatly expands MMREM's capabilities with a proven disposition platform for owners of single family residences and commercial assets, and as an enhanced marketing option in foreclosure sales for third party trustees and others. Tony Isbell and his team of online auction professionals have done an outstanding job developing RealtyBid.com into one of the industry's most valuable sites for real estate buyers and sellers," Martin said.
"We founded RealtyBid.com to accelerate transactions and streamline the real estate sales process for all parties," said Isbell, who will continue to serve as president of the company. "With over 100,000 properties under our belt, our team remains in place and is looking forward to growing RealtyBid.com to serve more customers with the additional capital, back office resources and impressive capabilities of MMREM," he said. "Like MMREM, RealtyBid.com is dedicated to constant improvement, innovation and delivering outstanding value to the real estate and financial industries," he said. "It's always been our formula for success."
MMREM operates nationally from its Frisco, Texas headquarters and offices in Virginia, Pennsylvania and California, providing a diversified array of vertically integrated services to the mortgage banking and investment industries. Its offerings include real estate asset management services, valuation, title, property and note acquisition, due diligence services, property preservation and inspection, among others. MMREM HOA Risk Mitigation, a division of MMREM, tracks hundreds of thousands of HOAs and provides automated surveillance on lender obligations, along with lien satisfaction process management services.
About Matt Martin Real Estate Management LLC (MMREM)
Based in Frisco, Texas, MMREM is an Inc. 500 high growth company that provides a suite of vertically integrated services to the mortgage banking and investment communities. MMREM offers real estate asset management services, valuation, title, property and note acquisition, due diligence services, property preservation and inspection, HOA research and curatives services, and much more. Founded in 2004, the company has a nationwide footprint with additional offices in Pennsylvania, Virginia, Texas, and California. For more information, please visit www.MMREM.com.
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SOURCE Matt Martin Real Estate Management