SINGLE FAMILY / “Residential Bank Owned”
Paradise Valley, Arizona
Property Challenges
First Right of Selection
Bank Owned; listed at $599,000
Conventional Financing was not available due to unfilled pool; SRL took care of the pool prior to appraisal
Appraisal was over $900,000
SRL group sold property over list; $615,000
The loan lock was expiring and the deed was “lost” – SRL group dealt with
legal team and found the deed, resurrecting
the sale just 24-hours prior to deadline.
Strategic Options
Take
over transaction and work directly with legal
Search
and locate Deed
Construction Division work with
City to fill pool under compliance
RESULTS ROI
Property listed at $599,000; sold
over list at $615,000
Mortgage Partnership received
exemplary service
Banked released property and
received higher return than listed
Was referred 3 more properties as a
result of satisfied Mortgage Banker
CASE STUDIES
Condo-conversion, Multi-Unit – 144 Units
“Jamestown” – Phoenix, Arizona
Property Challenges
Aging neighborhood
Multiple project competitors in Area
Apartments were in transition; complete renovation
Strategic Options
Developer advised to convert apartments to condo’s
