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Join the LAMCOnetwork as we:
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Convert neglected properties into family homes & preserve neighborhood real estate values.
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Participate in the revitalization of our communities & grow wealth, even in challenging economic times.
What We Do
If
you are a bank, lending institution, investment banker or mortgage
company, LAMCO can save you time and money with your foreclosures. Find
out how you can benefit from LAMCO's comprehensive services today!
LAMCO handles all aspects of the foreclosure process, from the initial
legal action through redemption and through the sale of the property.
- We handle evictions
- We contract the repair and maintenance
- We list the property
- We handle the closing
- We deliver your check
- Here are some of the services LAMCO offers:
- Property Inspection
- Property status updates
- Property Management
- Negotiation and Closing
- Real-time web site- Market Analysis, customized client data base, customized reports
LAMCO works closely with real estate agents, attorney's, appraisers,
title companies, and contractors to ensure all aspects of the
foreclosure process is completed quickly and efficiently.
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The LAMCO Disposition Process
Step 1: Property Evaluation and Setup Secure, inspect and winterize
property Evaluate property condition Provide detailed market analysis
with photos Obtain bids for property clean-out, repair and maintenance
Evaluate environmental and compliance issues
Step 2: Marketing Establish marketing strategy with financial
projections Provide qualified, experienced REO broker Establish
tracking/monitoring system Review strategy and pricing every 30 days
Step 3: Reporting Provide monthly status reports on all properties
Provide monthly and year-end summary reports on sold properties Monthly
expenditure reporting Retain records for five
years
Step 4: Property Management Supervise repairs and maintenance Monthly
inspection reports Select on-site property manager when applicable
Timely Payment of property expenses (optional)
Step 5: Negotiation and Closing
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