Monday, August 11, 2008

Morris & Raper Announces Opening of New Bank Owned Properties Division - ForeclosedDeals.com

Builder foreclosures are expected to be in the billions in the next 12 to 18 months according to ViaSearch, a market research company based in Atlanta. As banks are forced into the business of selling and sometimes even building homes, this creates a niche in the new home market. Morris and Raper Realtors is uniquely positioned to capture this market due to their experience and reputation in the real estate industry, as well as their success with work outs.

Morris and Raper is pleased to announce the formation of a new bank owned properties division, ForeclosedDeals.com, to sell, market and service bank owned properties including raw land, developed lots and new homes – single family homes, condos and townhomes. While numerous companies provide foreclosure listings, Morris and Raper represents only new home foreclosures, not resales. Their new division is already up and running representing several communities.

“In over three decades of new homes sales, we've successfully connected more buyers and sellers of residential properties than virtually any other real estate company in metro Atlanta and the Southeastern United States,” said Gail Raper, Founder of Morris and Raper. “And this new division will give us the opportunity to continue to make those connections.”

This new division is headed by Rob Benware. With over a decade of sales and marketing management experience with companies including Disney’s Celebration, McCar Homes, and Traton Homes, Benware's leadership will allow this new division to provide a full service approach to selling bank owned properties including, in some situations, professionally decorated models and sales centers. All homes represented will have the advantage of creative Internet marketing and a new dedicated website (www.ForeclosedDeals.com).

Founded in 1979, Morris & Raper is the premier source of new homes and condominium sales and marketing information with the expertise to apply it for its team, its developer and builder clients and for homebuyers and sellers alike. The family of companies includes Morris and Raper Realtors, Morris and Raper Intown, Marketing Results, Model Residences and Mortgages On-Site, a joint venture with Wells Fargo. The companies combined provide one-stop shopping for sales, marketing, consulting, design and financing.
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