Monday, March 28, 2011
Last year the firm represented lenders in deals with more than $50 million, and Bull Realty has emerged as the go-to brokerage firm for lenders with distressed assets.
“We were doing REO deals before they were cool,” said Michael Bull (top right photo), founder and president of Bull Realty. “We are the smartest and most aggressive marketers of these properties, and we get results for our clients.”
Bull helped solidify its leadership position in the marketing of REO and distressed assets by closing a couple of major transactions. In 2010, Bull negotiated the sale of 5,690 acres of raw land in Phoenix. The sale, which was done in two transactions, totaled more than $36 million – or 20 percent more than the properties’ appraised value.
Bull was chosen to market the property by Peoples Bank of Winder, the lead bank handling the foreclosed property. Bull beat out several national brokerage firms to win the assignment.
When asked why the bank chose Bull, Peoples Bank CEOChris Maddox (lower left photo), said, “Because the property needed better marketing than the national firms could provide.”
Contact: Midd Read, firstname.lastname@example.org