Re-marketing Recovered Collateral for Your Business

Repossession of loan collateral is just the beginning of the process. Lenders are now faced with the fact that they have to somehow dispose of the item in order to recoup some cash as opposed to taking a complete loss. Getting the property off the books as quickly as possible is key to minimizing losses and assorted issues that come with repossessed collateral. We are not only capable of repossessing property for lenders, we are also capable of re-marketing and selling the property. Our licensed experts can perform services ranging from evaluating items to selling it at auction.
 

Let us deal with the re-marketing of your repossessed items. We are capable of storing, evaluating, and determining an appropriate price for resale purposes. We can handle everything from vehicles, heavy equipment, even real estate. Our goal is to get our clients the best possible price from the sale of property.
 

The process begins when the item is repossessed. It could be repossession of heavy equipment, repossession of medical equipment, repo of industrial equipment and more. We take the item to where you want it stored, or we can store it on-site within a secured yard. After the process of default is finished, it's a matter of determining the items condition, value, and marketing for sale.
 

The truth is, not everyone takes care of their equipment, even though it's being used to secure a loan. At times, items come in that are not in the best of condition, and some pieces of equipment aren't in working order. We help determine the overall shape of the item, and recommend a course of action such as leaving it as-is, or getting it in operating condition. Sometimes, equipment is not worth getting back up and running, and has more value for parts. Other times, it's best to have the item up and running for a higher resale value. We leave it up to the client to make the ultimate decision, and abide by their wishes.
 

After the appraisal is finished, we market the property for sale. The most effective way to get the best price for items is to put it up for auction. We handle all of the advertising for the auction as well as creating fliers and lists of what is up for sale. It is our job to get the word out to potential buyers, and we take that job very seriously. Our licensed auctioneers run an ethical sale while working to get the maximum price for the item. Clients get their funds after the sale in a timely manner.