Foreclosures and abandoned properties are a reality in today’s market. As reported in a recent LA Times article, “Foreclosures and resulting blight infest once-safe neighborhoods”, the resulting vacancies present many challenges including increased crime, widespread blight, and financial and emotional burdens. The good news is we can overcome these obstacles, prevent vacancies from paralyzing our neighborhoods and begin to stabilize our communities with the right products and services.
FAS was founded 17 years ago with the sole purpose of preserving properties. We have been at the forefront of innovation since the day we opened our doors and continue to develop revolutionary services and products to help our customers more easily managed their vacant assets.
With our award-winning photo management technology, FASTrack™ Mobile, we can provide customers with a certified record of the exact time, date and location of work conducted in the field. This dramatically impacts the day-to-day maintenance of properties and also the reliability of inspections. Accurate inspections and regular maintenance will reduce the risk of future crime.
FAS has a comprehensive HOA and code compliance solution as well that includes a database of over 10,000 code enforcement personnel contacts that represent nearly 5,000 municipalities across all 50 states. In 2011 alone, FAS boasted a 91% success rate on mitigating code compliance fines and HOA fees on behalf of our customers. These relationships build knowledge that in turn reduces the spread of blight.
FAS also changed the property preservation game with Collateral Command, the first single-source solution to consolidate REO services in one package. Instead of needing an array of vendors, all separately performing servicing activities in an uncoordinated manner, FAS provides a single, integrated solution with centralized coordination and management. This ensures the right services are performed on the right property securing the value of a property sooner rather than later.
We apply this same framework to the pre-foreclosure market with FAS Avert™, a suite of services to help banks avoid foreclosure. Avert provides the knowledge and tools to improve loss mitigation success rates, reduce expenses and build greater collateral intelligence, in advance of property custody, ultimately avoiding new vacancies from occurring.
And, at the end of the day, FAS delivers these services with meticulous quality, flat fee pricing and a 3-day turn around, nationwide.
By partnering with FAS, together, we can make a difference!