Asset Recovery Services

SVN’s Asset Recovery Team provides immediate underwriting nationwide and disposition solutions to financial institutions and real estate clients with distressed portfolio assets.

Collaborative teaming with our Senior Accelerated Marketing Advisors and over 900 local market experts and professional brokers create, design, implement and execute customized marketing plans for the repositioning and disposition of assets to insure the maximum return for our clients.

The diverse services we offer include:

Formats: Auction, Sealed Bids, Accelerated Listings

Open Out-Cry Auction: This is by far the most traditional and recognized method of the auction process. The seller defines the terms. Pre-sale marketing and due diligence are conducted beforehand and the auction event takes place during a predetermined date, time and location. Bidders are pre-qualified with certified funds to bid and the event is open and conducted live in a competitive environment. Live Online-Internet Bidding is often a value added component.

Sealed Bid: While this is similar to the Open Out-Cry Auction, offers are submitted in a Sealed Bid format to a certain location on a predetermined day, date and time. Offers are then opened in a closed-door environment and reviewed by the seller and our team as to the price and conformity with the terms of the offering predefined by the seller. This format insures more control over the transaction and is usually best suited for hard to value assets. In this case, the seller has the flexibility to request “best and final” offers from qualified buyers in the competitive range of pricing.

Sealed Bid + Auction: In this hybrid method of Open Out-Cry and Sealed Bid, terms are established that allow for the sealed-bid process to precede the Open Out-Cry event with up to the five highest bidders invited to participate in the Open Out-Cry auction. The highest sealed bid offer received determines the minimum opening bid for the Open Out-Cry auction. This format provides control and flexibility over the transaction and forces interested prospects to make a strong initial offer in order to be eligible to participate in the second phase.

Accelerated Listing: In this method, assets are aggressively priced and exposed to the market for a limited period of time. If necessary, this phase is followed by an accelerated marketing program customized for the asset.

Online Auction: Assets are marketed using a customized accelerated marketing program however all bidding takes place on the internet for the convenience of all bidders.