Asset Managers

 

At Lansing Foreclosure, we have built the only complete REO office, making us the top servicer in the Mid-Michigan area.  More importantly, we understand how we did it.  By identifying,  understanding and fulfilling exactly what our client ask.  This is the core attribute that Lansing Foreclosure was built on.

 

How We Manage An Asset

 

A key mistake we see in our industry takes place with understanding the asset.  What good is our years of experience and vast resources if they aren’t put into action.   That is why it is important that we have the right people evaluate each asset, not just someone to complete a task. Not understanding leads to an uniformed office that will only snowball as the asset reaches each stage.  How do you evaluate something you haven’t personally seen?  How do you market it?  How are you prepared for any obstacles that may present themselves? 

 

We make sure to personally evaluate the assets we are managing.  If we need someone like a contractor to look at something, our relationships with them allow it to be possible. 

 

It is important to immediately check on our new assignments and provide the proper status of the property.  For occupied properties, our team works well with occupants and advise them with their options.  We help negotiate cash for keys, oversee evictions or work through any additional options.  From there we make sure the property gets secured.

 

Properly evaluating an asset means identifying its place in the market.  We know providing a quality market analysis is vital to the success the asset has going forward.  Our experience and contacts allow us to provide a detailed analysis of the asset, including what needs to be done to bring the property to neighborhood standards, in comparison to the area.  This allows us to provide an as-in and as-repaired value, while then finding its ideal market placement.  

 

We inspect our assets routinely, making sure the property stays secure and has no issues. Updates are available if needed.

 

Marketing An Asset

 

Lansing Foreclosure properties are listed with the iconic image of the Century 21 brand.  The classic Century 21 sign is second to none as the most recognizable sign in real estate today.  Our properties are set apart from the surrounding neighborhood with clean professional, yet eye catching appeal.  This appeal is present in pre-marketing as well, noticing the advantage of building interest in a property prior to availability.  This makes for quicker sales. 

 

We are also the first to develop a fine homes division within our company, allowing separation of premium real estate from the average properties.  With this marketing, we are able to target a better selection of buyers, bringing maximum value on the assets.

 

With the Century 21 network and LansingForeclosure.com, our assets reach the most advertising databases available.  Our structure allows us to effectively funnel all those inquiries and respond in a timely manner.   

 

Feedback is an efficient tool that we make sure to implement in our assets.  A fluid understanding of a properties place in the market will help decrease days on market.

 

Getting To The Closing Table

 

Our transaction coordinators make sure a deal remains on schedule, providing any updates needed on its status.  Experience to deal with and not shy away from any obstacles that present themselves also help to successfully get to that closing table.  This is just another one of many areas Lansing Foreclosure sets itself apart from others in the REO market.

 

 

Contact us anytime to hear more about the Lansing Foreclosure advantages.