Services
SAS provides a comprehensive set of asset management services and disposition methods that sets us apart from the other asset management companies, going beyond the expected.
California SB 1137 Service
SAS will perform all actions necessary on your behald in order to file and servie a Notice of Default. Under the new law, these required actions consist of:
1) Contacting the borrower 30 days prior to filing a Notice of Default (“NOD”)
a. Contact must be used to assess the borrower’s financial situation and explore various options for the borrower to avoid foreclosure.
b. During this contact, the borrower must also be offered a subsequent meeting to discuss their financial situation to be scheduled within 14 days.
c. Also during this contact, the borrower must be provided with information on a HUD-certified housing counseling agency.
2) If the above contact fails, the borrower must be mailed a first-class letter including information on a HUD-certified housing counseling agency.
a. This letter must be followed by telephone calls at least three times at different hours and on three different days to discuss with the borrower.
3) If the above contact fails after a period of two weeks, the borrower must be mailed a certified letter, with return receipt requested, outlining a means for the borrower to contact their mortgage lender, servicer, or SAS (authorized agent).
Asset Management
- Pre-Marketing Services: Occupancy checks, cash for keys, eviction coordination or monitoring and property securitization and preservation.
- Marketing Services: Broker assignment and management, BPO/Appraisals, marketing strategies based on demographics of the property to market through multiple means generally not offered through a traditional asset management company, including bulk sales, on-line auction, and individualized investor direct sales.
- Customized Process: SAS will tailor a process that will fit hand in glove with your current procedures and guidelines.
Bulk Sales of Non-Performing Mortgages
SAS offers advisory services to assist in the pricing and sales of bulk packages of non-performing loans/assets for sellers looking to liquidate quickly and efficiently.
Regional Bulk Sales (learn more)
SAS also advises on smaller pools of non-performing loans/assets in regional areas.
Contact a representative about bulk sales now.
Regional Direct Sales
In areas with a high concentration of REOs or where the market has been found to be primarily investor, rather than end-user driven, SAS will provide advice on current market trends to substantiate the best pricing that can be achieved on an asset by asset basis for your REOs. We are continually re-evaluating the current market to ascertain the greatest pricing while avoiding all of the holding time and expense of the full traditional REO resolution.
Contact a representative about regional direct sales now.
Note Sales
Strategic Asset Solutions is a market source for principal buyers of distressed mortgage loan portfolios. We have the resources, expertise, and contact network to provide full-service management of all debt acquisitions. Resources are available to perform remote due diligence and provide an offer from buyers within hours. Unlike other companies whose services begin and end at the REO stage, SAS offers a valuable liquidity option for lenders at all stages of non-performance.
Contact a representative about note acquisitions now.
New Services
At SAS we are passionate about revolutionizing the non-performing asset industry to bring the best results to our clients. We pride ourselves on our innovation and challenge ourselves to look “outside the box” for creative, strategic solutions that other companies may have overlooked or have lacked the time or resources to develop. If your company feels there may be a new product or niche that could be developed to result in a profitable business solution but have not had the means to bring it to fruition, we are interested in hearing your from you and working to research the viability of your idea(s).
Contact a representative about new services now.
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(866) 9191-SAS
