Asset Management:

Often, lenders take title to property through deeds-in-lieu of foreclosure, settlement agreements, non-judicial foreclosures or judicial foreclosure actions. When this occurs, AMRESCO's Special Servicing Department, directly, or through our nationwide network of subcontractors, provides asset management services for the REO properties. These services include, site inspections, maintenance work, collection of rents, eviction of non-paying tenants, leasing activities, valuation estimates, development of marketing strategies and selling the asset in a time frame and pursuant to a marketing plan agreed to by the lender. Our primary goal for each REO property is to maximize the recovery on that asset as quickly and efficiently as possible.