Real Estate Asset Management
Stephen Jax & Associates, Inc. is uniquely positioned to expertly handle, cradle-to-grave, national portfolio placement and management with expertise in driving operational efficiencies, developing and implementing innovative disposition strategies, creating cross-functional teams to exceed client business goals in dynamic environments, minimizing holding times and risk, with the objective of realizing the highest yields on assets.
We provide support capabilities in all phases of the Loss Mitigation and REO liquidation process; property recovery, environmental remediation assessment, pre-listing property preservation, asset valuation and marketing analysis, offer management, closing and title services, vendor management, and closely monitored reporting with 100% transparency.
Our team exercises its vast knowledge of, and experience with, financial institution business services and administration, secondary market protocols, risk rating models, legal, audit, compliance, real property law, foreclosure, loss mitigation, short sales, eviction laws, contract, title assessment and curative, vendor and property management, while navigating complex regulatory landscapes.
Auctions
Stephen Jax & Associates, Inc. places your property in front of willing buyers and sells under YOUR terms and conditions using laser focused marketing tools. You set your own sale date and get paid in 30 days.
One size does not fit all! Our auctions are tailored and designed to maximize return for your specific assets. Using online, onsite, sealed bid or hybrid combination of styles, our experienced staff will collaborate with you to find the best way to market and sell your property.
Over the course of 25 years and a myriad of economic cycles, Stephen Jax & Associates, Inc. has conducted more than 9,000 real estate (residential and commercial), business liquidation and estate auctions with incredible success.
Foreclosure Litigation Over-Marketing
Foreclosure is not the desire of any mortgagor holder. However, when foreclosure becomes the necessary option in answer to default where all other measures prove unsuccessful, Stephen Jax & Associates, Inc. has the marketing tools to work contemporaneously within the legal framework to increase the asset’s exposure and the efficacy your of foreclosure auction of sensitive assets and ensure maximum participation by engaged and knowledgeable bidders and avoid the liabilities of taking ownership.
Court Ordered Receivership
Stephen Jax & Associates, Inc. has the experienced team and relationships with top-tier professionals needed to manage properties and going concerns that are under court ordered receivership. Our ability to nimbly and expeditiously assess and establish management of defaulted assets to maximize and manage income while working concurrently within the pending litigation works to seamlessly and effectively work bring all parties together working toward the most beneficial outcomes.
Bankruptcy Auctions
As with receiverships, Stephen Jax & Associates, Inc. owns the experience and relationships to effectively navigate and coordinate with US Bankruptcy Trustees and secured creditors to liquidate real estate and chattel property, both residential and commercial.
Examples of Past Portfolio Liquidations
- Stephen Jax & Associates, Inc. designed and produced an ONSITE auction campaign with 450+ properties situated in multiple states to reduce inventory for an out-of-the-market bank that was buying a regional bank.
- Crafted and conducted multiple auctions of aged assets to achieve portfolio reduction goals by end of quarter deadlines; inventories were made up of varied product types including residential, commercial and development.
- We aided a newly formed South Carolina bank by conducting their first auction campaign to fast-track the liquidation of inherited portfolio of OREO from failed institutions. Conducted first auction only 36 days from notification of being awarded contract to enable closings before end of quarter reporting deadlines.
- Conducted 1st ever third-party vendor foreclosure auction commissioned by the governing Master-In-Equity of a 700+ unit timeshare complex in Horry County, SC. Stephen Jax & Associates, Inc. conducted auction, completed contract execution, real estate settlements, and ALL financial accounting of sales on the same day.