With the continued upswing in foreclosure volumes nationwide, servicers must dispose of REO assets as quickly and for as much money as possible. To minimize REO disposition timelines and reduce costs, servicers must have multifaceted and proactive REO disposition strategies that incorporate a broad range of disposition methods.
LPS Auction Solutions helps servicers efficiently and effectively dispose of their REO properties with cost-effective, results-driven property auctions. LPS Auction Solutions has more than 30 years of real estate auction expertise and delivers the most comprehensive service offering available in the industry.
Maximize Marketing Efforts
LPS Auction Solutions takes a comprehensive approach to attract the maximum number of potential homebuyers and investors to each event.
LPS Auction Solutions:
- Creates compelling sales materials
- Runs radio and TV ads
- Publishes print ads
- Sends direct mail and e-mail blasts
- Engages in strategic public relations
- Participates in social media and popular networking sites
We drive traffic to our Web-site to familiarize potential buyers and investors with available properties, provide educational materials for potential buyers and investors on its Web site as well as offer informative Webinars on a variety of auction-related topics. We strive to understand individual market conditions and adjusts and adapt marketing strategies to meet the needs of each specific auction.
Superior Sales Support
LPS Auction Solutions professionally manages every step of the auction sales process:
- Data collection
- Property due diligence
- Open house showings
- Auction events
- Post-sale escrow management
LPS Auction Solutions also invests in comprehensive broker outreach programs with competitive commission rates that encourage broker participation in the promotion of auction events.
Web-based Auction Technology
LPS Auction Solutions systems quickly generate individual property Web pages to make property details viewable online by interested parties prior to the auction event. The “Buy It Now” option enables potential buyers and investors to initiate pre-emptive sales over the Internet. A “Bid Now” option also enables simultaneous online dynamic bidding as soon as properties are available.
Robust Reporting
Servicers have access to a variety of pre- and post-auction reports that include sales metrics, auction day selling data and post-auction escrow.
Backed by the Best
With LPS Auction Solutions, servicers can work smarter and reduce costs well beyond the auction process by tapping into the depth and breadth of Lender Processing Services’ (LPS) technology and solutions. Servicers have access to additional industry-leading REO disposition solutions including:
- National field services
- Full-service asset management
- Title and closing services
- Complete default management solutions
- Loan servicing
- Foreclosure and bankruptcy management
- REO asset management and disposition
- Real estate technology solutions like Paragon MLS system
- The industry’s most comprehensive data repositories of property, valuation and loan performance data
To learn more about what LPS Auction Solutions can do for your organization, call 800.991.1274 or visit www.lpsauctionsolutions.com.