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MMREM selected by Texas Department of Housing & Community Affairs to handle disposition of owned properties
TDHCA picks MMREM for a three-year contract, focusing on its track record with HUD and other agencies in addition to extensive capabilities of MMREM’s RealtyBid auction platform
FRISCO, TX – March 31, 2015 – Matt Martin Real Estate Management LLC (MMREM), a diversified national real estate services firm, announced that it has been selected by the Texas Department of Housing and Community Affairs (TDHCA) to manage the disposition of owned real estate assets acquired by the TDHCA through its housing finance support programs.
MMREM was selected for a three-year contract after a thorough RFP (Request for Proposal) process by the state agency, which also picked a Houston-based company to participate in the program. MMREM provided detailed information on its deep experience in asset disposition, title, closings, property valuations and field services, as well as on the capabilities of its online auction platform, RealtyBid, which the company acquired in late 2014. RealtyBid, a national leader in online real estate auctions, has sold more properties since its founding in 2001 than any other website.
This is not MMREM’s first rodeo in the Lone Star State. The company has extensive hands-on experience managing diverse portfolios of real estate within Texas for the Department of Housing and Urban Development (HUD), the Federal Deposit Insurance Corporation (FDIC), the United States Marshals Service (USMS) and private sector/commercial clients, as well as outside of Texas for the same clients and for state housing finance agencies and municipalities.
“The tremendous horsepower of MMREM and RealtyBid made a great deal of difference in the awarding of this contract,” said Tony Isbell, founder and president of RealtyBid, a wholly owned MMREM company. “With well over 100,000 properties under our belt, RealtyBid is uniquely positioned to help the state of Texas move its owned real estate, whether single family or multi-family,” he said. “We look forward to outperforming every expectation and bringing world-class service to each transaction,” Isbell said, adding, “We’re proud to assist our home state and this important agency in its critical work to benefit housing in Texas.”
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.