We specialize in the disposition and sale of REO properties. We partner with experienced loan servicers and other industry experts to provide our clients with an efficient model for disposing of bank owned properties.
Investor Reporting: Our Clients have the ability to log into our system and view the status of their properties. Our system allows us to set rules based on the clients logic to guarantee that Master Servicing guidelines are enforced. Pre-Marketing Services: We handle evictions, lockouts, broker assignments, initial services, and property preservation issues.
Initial and monthly services: We have local vendors that perform initial services such as; rekeys, trash outs, sales clean, initial lawn service, and winterization. Monthly maintenance such as lawn cuts are also managed by these vendors. Valuations: Our asset managers are the best in the industry. They are local market experts who stay on top of current real estate trends. Our asset managers execute 97% - 101% of what they determine the anticipated sales price should be on day one.
Marketing Strategies: Each property has a specific marketing and pricing strategy. It is completed by our local market experts, the asset manager.
Offer Negotiations: The asset manager negotiates all deals inline with their marketing strategy. Our intentions are to return the highest back to the seller.
Net Present Value Rehab Analysis: Before rehabbing a property we calculate the net sales price after the cost of repairs discounted by the investor holding cost. This accurately determines whether or not rehab will be equitable. Accounting: We have in house accountants that expedites the processing of all invoices. Closing and Title Service: Advent has in house closers that partner with local attorneys and closers to resolve title or other closing related issues.
Non-Contractual Agreement: We sincerely believe that a client should have the option to assign properties to an asset management company and should not be obligated by contract. We strive to set new standards for asset management service. If our runoff and quality of service falls below the standard we should not be rewarded.
Paperless System: We pride ourselves on our ability to be paperless.
