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3/16/2010	Preemptive bidders win two Miami auction properties more
	Close The Real Deal … online Preemptive bidders win two Miami auction properties March 16, 2010 03:15PM By Alexander Britell The vacant lot is the former site of Restaurante Monserrate. Two buyers made successful preemptive bids late yesterday, winning the two sites that were slated to be auctioned this morning at a joint AmeriBid-Colliers Abood Wood Fay auction at the Miami Marriott Biscayne Bay. The sites, a temple in Miami Beach and a piece of vacant land in Little Havana, each went for more than the minimum bids. The minimum on the 14,000-square-foot temple site, which was purchased by a church, was $900,000. The site had been The Art Temple, a combination art studio, school and new age center founded by an Italian singer named Marivana. The minimum on the 11,700-square-foot vacant lot just north of Calle Ocho, was $350,000, purchased by a multi-family builder. AmeriBid said it would not disclose the specific prices and buyers until the properties close. "We've been marketing the property aggressively for the last few months, with the idea of really trying to generate towards this auction deadline," said John Crotty, senior vice president and partner at Colliers Abood Wood-Fay, who was the listing agent for the properties. "Any time you put something out there with a deadline on it, it creates a lot of interest and urgency." Crotty said both bids were satisfactory to the bank, and the preemptive bids were a way for the buyers to avoid what would likely amount to higher prices at auction. "I think the urgency of the bid deadline was the trigger. The property had been marketed for a year before we got involved in December," Crotty said. Such preemptive bids occur about 20 to 30 percent of the time, according to Louis Fisher, president of North Miami-based AmeriBid. "It happens more often when you have a specific use for the property. We had two parties that were extremely interested in both of the sites that we had, both the vacant land as well as the improved former temple," Fisher said. "In fact, one party that went under contract that put their deposit at risk yesterday on the temple is another religious organization that's going to use the facility as it had been planned originally." The religious site is the former location of the Art Temple, at 7141 Indian Creek Drive, in Miami Beach. The vacant land used to house the Restaurante Monserrate, until it was torn down with the intention of developing the site. Both properties were bank-owned by the end of 2008. Fisher said the multi-family builder intends to put around 32 units on the site, with retail space on the ground level and two to three levels of apartments.



7/18/2009	LARRY LATHAM, CEO and FOUNDER of AMERIBID, LLC Inducted into National Auctioneers Association “HALL OF FAME” more
	Close Overland Park, Kan.July 18, 2009 - The National Auctioneers Association (NAA) inducted three new members into its Hall of Fame: Marvin E. Alexander, CAI, of Martin, Tenn.; Larry Latham, CAI, of Las Vegas, Nev.; and Stephen D. Lewis of Morehead, Ky. The three inductees were honored at the 60th annual International Auctioneers Conference and Show in Overland Park, Kan. during the President's Gala. Marvin E. Alexander, CAI - Martin, Tennessee Marvin E. Alexander became a professional auctioneer in 1963 when he founded his business, Alexander Auctions & Real Estate Sales in Martin, Tenn. In those days, Martin said he carried around a set of speakers, a calculator, and pads of clerking sheets when he bid-called. Now, the daily operations in the profession have changed drastically, as they rely more heavily on technological agents, but Marvin learned the work necessary to excel at the craft. Today, Marvin commands a mobile office, equipped with office machinery, sound equipment, and wireless clerking and cashiering systems for auction day. Marvin specializes is in real estate, including industrial and commercial property, farm and development land, acreage tracts, and residential properties. In additional to being an NAA member and past board of director, Marvin is a member of the Tennessee Auctioneers Association, which he served a term as president, and Tennessee and National Realtors Associations. In 1989, Marvin won the International Auctioneer Championship (IAC) competition, and the All-Around World Champion Auctioneer competition in 1997. Marvin is heavily involved in several community organizations, including the Goodwill Shrine Club, the University of Tennessee Rodeo Booster Club, and various high school, 4-H, and booster clubs. Larry Latham, CAI - Las Vegas, Nevada Larry Latham has dedicated his life to the sale of real estate, either by auction or private treaty. Larry began his career as a real estate auctioneer in the early 1980s. In 1984, he graduated from the Certified Auctioneers Institute (CAI) at IndianaUniversity in order to expand his auctioneering prowess. Soon after, he was elected the first treasurer of CAI. In addition to being a leader within the association, Larry was a leader and a voice for the profession in Washington lobbying on behalf of the profession in Congress. Prior to Larry entering the industry, real estate auctions were generally conducted on-site, which only allowed for one unit to be sold at a time. Realizing that selling real estate piecemeal was inefficient, Larry began gathering large amounts of auction-goers into hotel ballrooms and conducting large scale auctions. He marketed the properties and displayed photographs of the real estate and was able to successfully sell hundreds of properties at a single auction. During the Savings and Loan crises in the late 1980s and early 1990s, Larry was instrumental in selling large amounts of real estate for the Resolution Trust Corporation (RTC) and Federal Deposit Insurance Corporation (FDIC). By the mid-1990s, Larry sold his real estate auction business to Chase Bank and began work as a full-time real estate developer. Larry recently re-entered the auctioneering world in 2008 and created AmeriBid, a real estate auction company whose success includes the disposition of over 150,000 properties. Larry has four daughters and one grandson. Stephen Lewis - Morehead, Kentucky Stephen Lewis was raised in the fast-paced world of auctioneering. His late father, NAA Hall of Famer C. Roger Lewis, established the successful auction company C. Roger Lewis Agency in 1958 in Morehead, Kentucky. After graduating with a Bachelor of Arts Degree from AndersonUniversity in Anderson, Indiana in 1972, Stephen returned to Morehead to join the family business. The firm specializes in real estate auctions, as well as commercial and estate liquidations. Stephen has served a term as a president for the Kentucky Auctioneers Association. Since 1985, he has served on the Kentucky Board of Auctioneers Licensing Board. A member of the NAA since 1973, Stephen has served the association as a treasurer and director. Currently, Stephen is a member of five professional organizations and sits on the Board of Trustees for three philanthropic organizations. Stephen and his wife, Jan, have two daughters and three grandchildren. # # # About the NAA Headquartered in Overland Park, Kan., the National Auctioneers Association (NAA) represents the interests of approximately 4,400 auctioneers in the United States, Canada, and across the world. Founded in 1949, the mission of the NAA is to promote the auction method of marketing and enhancing the professionalism of its members through education and technology. To learn more about Auctioneers or to find an auctioneer, visit: www.auctioneers.org.



2/4/2009	Leading Real Estate Forces Team Up to Move Condo Inventory Surplus more
	Close Leading Real Estate Forces Team Up to Move Condo Inventory Surplus Going, Going... Gone! Yahoo! Finance Wednesday February 4, 2:06 pm ET MIAMI, FL--(MARKET WIRE)--Feb 4, 2009 -- Condo.com (www.condo.com), the world's largest condominium marketplace, announced an industry changing partnership with AmeriBid (www.ameribid.com), a leading auction provider with over 60 years of collective auction experience. AmeriBid and Condo.com have partnered to create online auctions for financial institutions, government agencies, REITs, hedge funds, bankruptcy courts and/or Trustees. This partnership combines two major leading forces in the real estate industry: Condo.com, the dominant global real estate portal for condominiums and AmeriBid, a team of leading real estate auctioneers and nationally known real estate executives, including former RTC leader Stanley Tate and established real estate auction veterans Larry Latham and Louis Fisher. "This partnership is extremely exciting for us and creates a huge opportunity to help unclog the vast amounts of inventory that exists in the condo real estate marketplace. Our online marketing expertise and massive consumer web traffic, combined with AmeriBid's auction expertise and real estate portfolios from leading institutions, creates a powerful formula for online auction success," stated Richard Swerdlow, CEO of Condo.com. "Condo.com has been leading the technology evolution in the online real estate industry since 2005. As a result they have become experts in marketing real estate online as well as an effective lead generator for real estate professionals and a diverse list of sellers. Condo.com has become the consumer face of the condo market which makes them the perfect partner for us to launch online auctions," stated Stanley Tate, Chairman of the Board for AmeriBid. "It's really simple: There is too much inventory on the market which is a leading indicator of the unhealthy state of the real estate market. What's going to change that? We've got to clear out this inventory. How is that going to happen? Prices need to be reset to what the market will bear. How does that occur? By using online auctions to set the prices and sell off huge amounts of inventory to the widest audience possible. Online auctions have the potential to be the closest thing to a miracle the real estate industry will experience in 2009," Larry Latham, CEO of AmeriBid remarked. Condo.com and AmeriBid will begin marketing properties via auctions on Condo.com at the end of the first quarter 2009. About Condo.com For more information visit http://www.condo.com About AmeriBid For more information visit http://www.ameribid.com Contact: Wendy Crocquet, 954-294-6467



12/4/2008	AmeriBid Selects Biowrap as Cost Effective Management Tool for Intellectual Property more
	Close Las Vegas, NV. (December 4, 2008) - AmeriBid announced today they have chosen to enroll all of their employees on BIOWRAP™ as a cost effective management tool for corporate intellectual property. The use of this software allows AmeriBid to operate with the highest level of assurances that files created by every employee are authentic, secure and have true audit capability, making these files truly authentic AmeriBid files. AmeriBid employees can create verifiably secure, authenticated and accountable electronic files by entering a username, password and a fingerprint. The recipient of a BIOWRAP file will know that only an AmeriBid employee could create the file and that the file has not been altered. Sophisticated layers of protection are embedded into every file to ensure the integrity of the file and its' associated Accountability Reports. AmeriBid employees will also have access to real-time Accountability Reports, a comprehensive tracking management tool that is capable of tracking all individuals that have viewed AmeriBid files. BIOWRAP is ideally suited for any types of files that corporations want the highest level of assurances that they will remain intact. Examples include portfolio tapes, accounting spreadsheets, legal documents, sensitive corporate documents, marketing plans and human resources documents. In addition to their own employees, AmeriBid has taken an additional step and is requiring that all of their appraisers operate on the BIOWRAP platform. This step demonstrates their commitment to the best practice of security and management of AmeriBid valuations, furthering their dominant position in the competitive accelerated asset disposition marketplace. According to AmeriBid CEO Larry Latham, "AmeriBid believes in the integrity of our intellectual property and the need to preserve it in its original created format. BIOWRAP allows our employees to preserve documents in their original created format and then share them with others without fear of having our information altered or changed. The audit trail is preserved and reports are available for legal documentation. Our additional step of requiring our appraisers to BIOWRAP their appraiser reports simply means that we expect from our appraisers what we expect from our employees - authentic and accountable AmeriBid information." About Biometric Management Systems Biometric Management Systems, LLC (BMS) develops and implements innovative software solutions, including BIOWRAP, that are driven by biometric technology. The advanced biometric technology that is the basis of BMS's solutions makes possible limitless customized security/accountability system configurations that are both state-of-the-art and affordable. Founded in 2005, BMS is headquartered in Lake Mary, FL and operates worldwide. For more information on BIOWRAP, please visit www.biometricwrap.com or call 1-877-267-3463. About AmeriBid AmeriBid's model will provide multiple solutions and proven exit strategies nationwide to institutional owners of financial and real estate portfolios. AmeriBid expects to service the accelerated asset disposition needs of financial institutions, government agencies, REITs, hedge funds and bankruptcy courts. AmeriBid has offices throughout the United States in Las Vegas, Dallas and St. Augustine with plans to open four additional offices in 2009. AmeriBid professionals contribute strong operational and technical abilities with extensive experience with financial institutions and real estate businesses. Its group has worked for HUD, Fannie Mae, FDIC, RTC, GSA, VA and hundreds of lenders across the country. To learn more about AmeriBid's national expertise and The AmeriBid Method, go to www.AmeriBid.com or contact Louis Fisher, President of AmeriBid, LLC at Tel: 954.931.0592, or Email: louis@ameribid.com.



9/23/2008	Fox network interviews Stanley Tate on the proposed bailout plan. more
	Close Click here to view the interview or copy and paste the link below: http://www.foxbusiness.com/video/index.html?referralObject=3107505



3/13/2008	Former RTC Executive Stanley Tate Joins AmeriBid as Chairman of the Board more
	Close AmeriBid has announced Stanley Tate, former Chairman of the National Advisory Board of the Resolution Trust Corporation ("RTC") and long-time real estate developer, has joined the company as Chairman of the Board. AmeriBid was recently launched by real estate innovators Larry Latham, Louis B. Fisher III and Doug Dennison to provide multiple solutions and proven exit strategies to institutional owners of financial and real estate portfolios using its proprietary global platform while investing in America's communities. "We are excited to have a real estate legend in Stanley Tate join our company," said Latham, CEO of AmeriBid. "His experience with the problems with the REIT industry in the mid-1970s and then with the RTC and housing crisis of the late 1980s and early 1990s will play an integral role in the strategic direction of AmeriBid and our goal to provide a solution to the foreclosure crisis." The AmeriBid Method centers on "Investing in America's Communities" by focusing on every foreclosure as a home in a neighborhood -in a community. Its strategy is to share a portion of the marketing savings and/or a portion of the earned conversion revenue with the community through direct donations, matching grants, community challenges and sponsorships. "Our country needs some assistance in this housing crisis," said Tate. "The magnitude of the problem is immense. The RTC sold hundreds of billions of dollars of assets, but this housing crisis is much bigger. We must sell these homes now, before neighborhoods suffer further deterioration. When I looked at the experience of the AmeriBid Team, I realized that they were in the best position to get these properties back into the hands of end-users. I am thrilled to be appointed as Chairman and look forward to starting immediately." Tate went on to say that during his experience with the RTC in the 1990s, "it quickly became apparent that one of the best ways to get the highest and best price when disposing of large amounts of properties was and is through auction." Mr. Tate participated in the formation of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, the legislation which laid the foundation for the Resolution Trust Corporation ("RTC"). Mr. Tate's involvement with the then newly-formed RTC began in 1989 when he was named Chairman of Region 1, which included 20 states on the Eastern seaboard. In July 1993, Mr. Tate was nominated by then President Clinton for appointment as Chief Executive Officer of the RTC. Mr. Tate withdrew his nomination in November 1993. His influence in the real estate and housing industry in the U.S. continued with his membership on Fannie Mae's National Housing Impact Advisory Council, a post he held from 1994 - 1996. A resident of Dade County, Florida, helping the community is very much a part of Mr. Tate's life. Mr. Tate was instrumental in the design and implementation of the Florida Prepaid College Program, which was created in 1987. By an act of the Florida Legislature and then through a Bill signed by Governor Jeb Bush, the program was renamed the "Stanley G. Tate Florida Prepaid College Program" in 2006. This program continues to provide Florida residents affordable education options for their children with over 1.2 million contracts as of June 2007. Mr. Tate served as the Chairman of the Board for the first 18 years of the program's existence. About AmeriBid AmeriBid's model will provide multiple solutions and proven exit strategies nationwide to institutional owners of financial and real estate portfolios. AmeriBid expects to service the accelerated asset disposition needs of financial institutions, government agencies, REITs, hedge funds and bankruptcy courts. AmeriBid has offices throughout the United States in Las Vegas, Dallas and St. Augustine with plans to open four additional offices in 2008. AmeriBid professionals contribute strong operational and technical abilities with extensive experience with financial institutions and real estate businesses. Its group has worked for HUD, Fannie Mae, FDIC, RTC, GSA, VA and hundreds of lenders across the country. To learn more about AmeriBid’s national expertise and The AmeriBid Method, go to www.AmeriBid.com or contact AmeriBid Corporate Headquarters at Tel: 800-552-8426, Fax: 702-940-8487, or Email: info@ameribid.com. Contacts: Ebeling Communications David Ebeling, 949-278-7851 david@ebelingcomm.com



2/18/2008	Three Auction Experts Launch AmeriBid more
	Close As financial institutions suffer under the weight of more REO-owned properties, three auction pioneers are rolling out AmeriBid - a company designed to offer the market many solutions and effective exit strategies. The platform aims to help institutional owners of financial and real estate portfolios, AmeriBid said in a press release. We need positive action now that puts an owner back into each home and the same strengthens the community in which it is located," said Louis B. Fisher III, the president of AmeriBid. "The AmeriBid plan is for each and every REO that AmeriBid converts, there will be direct enhancements to the community." Fisher started the company with fellow auction leaders Larry Latham and Doug Dennison. The team, which brings decades of experience to the table, says their solution is based on the philosophy that AmeriBid is investing in communities by paying attention to each and every foreclosure.



12/7/2007	AmeriBid Holds First National Conference more
	Close More than 25 corporate executives joined AmeriBid LLC, the real estate solutions company, gathered in Las Vegas Dec. 7-9 for the company's first annual conference. AmeriBid is creating clearinghouse for portfolio investors and institutional and private sellers and is dedicated to restoring homeownership to private citizens and rebuilding communities damaged by the current mortgage crisis. AmeriBid proposes to provide a full range of services, including valuation, property management, and lending to the individual homeowner through its principals and subsidiaries. The company's headquarters is in Las Vegas, Nevada, with regional offices in St. Augustine, Florida and Dallas, Texas.