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· Market
Review and Analytical Reports
· Legislative
and Regulatory Alerts
· Acquisition
Feasibility Studies
· Pre-purchase
Due Diligence
· Residential
– Commercial – Multifamily - Condominium Property Inspections
· Customized
Real Estate Acquisition Plans
Distressed
Real Estate Consulting Services, Inc. monitors real property assets scheduled
for bankruptcy sale throughout the
Assets
reviewed for purchase include:
·
Residential Real Estate
·
Commercial Office & Retail
·
Industrial Sites
·
Agricultural Tracts
·
Condominium & Multifamily Developments
·
Large Vacant Out Parcels
Distressed
Real Estate Consulting Services, Inc. examines mortgage foreclosure sales
across the nation on behalf of its clients. These mortgage default sales are initiated by the lender which includes
private sector, government, and quasi-government agencies. The mortgagees listed below represent but a
portion of the inventory supply source regularly researched for acquisitions.
Department of Housing and
Urban Development (HUD)
Veterans Administration
(VA)
Small Business
Administration (SBA)
Fannie Mae
Freddie Mac
Federal Deposit Insurance
Corporation (FDIC)
United States Department
of Agriculture (USDA)
Bank Owned Foreclosures
Bank of
BB&T (Branch Banking
& Trust)
Chase Owned Properties
Compass Bank
Countrywide
Beal Bank
First Federal Bank of
SunTrust
Indymac Foreclosures
Texas State Bank
Preforeclosure
Many banks and other
lenders utilize the services of asset managers to orchestrate preforeclosure
valuations, inspections and property sales. DRECS works closely with these REO managers to acquire properties at
reduced cost during the early stages of mortgage default.
What is a Realty Auction?
It is an intense, accelerated real
estate marketing process that involves the public sale of any property
--particularly distressed—through open cry, competitive bidding.
Benefits to the Seller:
·
Buyers
come prepared to buy
·
Quick
disposal reduces long-term carrying costs, including taxes & maintenance
·
Assurance
that property will be sold at true market value
·
Exposes
the property to a large number of pre-qualified prospects
·
Accelerates
the sale
·
Creates
competition among buyers – auction price can exceed the price of a negotiated
sale
·
Requires
potential buyers to pre-qualify for financing
·
The
seller knows exactly when the property will sell
·
Eliminates
numerous and unscheduled showings
·
Takes
the seller out of the negotiation process
·
Ensures
an aggressive marketing program that increases interest and visibility
Benefits to Buyer:
·
Smart
investments are made as properties are usually purchased at fair market value
through competitive bidding
·
The
buyer knows the seller is committed to sell
·
In
multi-property auctions the buyer sees many offerings in the same place at the
same time
·
Buyers
determine the purchase price
·
Auctions
eliminate long negotiation periods
·
Auctions
reduce time to purchase property
·
Purchasing
and closing dates are known
·
Buyers
know they are competing fairly and on the same terms as all other buyers
·
Buyers
receive comprehensive information on property via due diligence packet
Distressed Real Estate Consulting Services, Inc. provides clients
with full representation at realty auctions across the
Brownfield Defined –
A brownfield is an
abandoned, idled, or underused property where expansion or redevelopment is
complicated by the presence or potential presence of contamination.
Brownfields sites include abandoned factories and other industrial facilities,
gasoline stations, oil storage facilities, dry cleaning stores and other
business that dealt with polluting substances. .
Brownfields Redevelopment Investment –
Brownfields redevelopment
can benefit both private investors and the communities in which they are
located. For the private sector, brownfields redevelopment can mean new
business opportunities, the potential for profit on unused or under-utilized
properties, improved community and environmental stewardship, and access to
untapped urban markets. The retail purchasing power of all central city
residents is conservatively estimated at $665 billion. Even households in
the most economically distressed urban neighborhoods possess $85 billion in
annual retail purchasing power. Brownfields redevelopment is critical to
untapping these consumer markets.
The public sector can
benefit from an increased number of employment opportunities, increased local
and state tax revenues, improvements in the community’s quality of life, and a
reduction of urban sprawl.
Federal Funding Support –
Since the inception of
the Brownfields Development Program, the Environmental Protection Agency has
awarded 1067 assessment grants totaling $262 million, 217 revolving loan fund
grants totaling $201.7 million, and 336 cleanup grants totaling $61.3 million.
Distressed Real Estate
Consulting Services, Inc. will identify brownfield redevelopment parcels
scheduled for sale by municipal and county governments across the
A distress sale is the sale of property (real estate or
personal property) under less than favorable conditions. Typically, the seller is experiencing
financial difficulties and is under extreme duress to sell. These forced or distress sales of assets may
involve mortgage or tax foreclosures. The sale itself is conducted through local government courts or
administrative officers.
Distressed Real Estate Consulting Services, Inc. provides
clients with full representation at distress sales across the
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