Sale of REO Property in Douglassville

NAI Keystone’s Bryan Cole and John Buccinno handled the sale of 1.6 Acre lot in Douglassville.  The site was taken back by the bank as part of a bankruptcy.  NAI Keystone was given the assignment by the Bank to dispose of the property.  NAI had the property under contract within 3 months of listing the site, and sold the property at a competitive number while getting a quick and favorable deal for the bank with a raw piece of dirt.  The site was owned by Park Avenue Funding in New York which is a subsidiary of The Lightstone Group.