MORTGAGEE ADVOCACY SERVICE LAUNCHED IN SYDNEY
PrimePropertyBuyer - Sydney Buyers Agents
Property Investment, Vendor Advocacy, Property Investment Sydney
PrimePropertyBuyer is delighted to announce the launch of its unique service especially tailored to banks and financial institutions named MORTGAGEE ADVOCACY.
A completely new concept in Australia, Mortgagee Advocacy is a specialized service where we act exclusively for property lenders who require an experienced out-sourced agent to independently handle the disposal of foreclosed properties or ‘mortgagee sales’.
Our mission is to provide the lender with independent professional advice on all aspects of the sale, and to ensure that the property achieves the best possible price within the prevailing market conditions. Throughout the entire process we supply a series of written reports which may be used in the audit trail to ensure compliance in lenders’ obligations to mortgagors.
The service offers transparency for the mortgagee in possession and generates independent evidence that the sale of a foreclosed property has been handled at all times ‘in good faith’ and in the best interest of their client. For the borrower or mortgagor it means ‘peace of mind’ because they will understand that the sale of their property has been handled in their best interest with the emphasis on achieving the very best possible sale price for all concerned.
Our service includes:
- Initial consultation to discuss your requirements and expectations as mortgagee in possession.
- Written market appraisal of the property including local comparable recent sales and current listings to establish an unbiased market value range.
- Advice and recommendations for selecting the best Real Estate Agent in the locality of the property.
- Arrange for 3 different Real Estate Agents to submit marketing proposals in writing and recommend the best application.
- Advise and negotiate on Real Estate Agent’s Exclusive Sale contracts and their proposed selling fees.
- Advice on strategy and proposed marketing campaigns provided by local Real Estate Agents.
- Auction or Private Treaty? We recommend the right option to maximize the selling price. If the sale is by auction we can attend on the day as your legal representative.
- Vet and screen buyers’ offers presented to you through your appointed Real Estate Agent.
Mortgagee Advocacy is a value-added and completely new service for banks and other property lending institutions. It allows these organisations to concentrate on their core business of mortgage lending rather than mortgage recovery. They no longer need to worry about handling their own mortgagee sales and the potential financial risk of falling into disfavour in the courts on issues of not having acted in the best interest of their client or in ‘good faith’.
For further information please don't hesitate to call Tim Mansfield in Sydney on 0405 830715
Buy Property in Sydney
, Mortgagee Advocates
, Property Investment
, Property Investment Sydney
, Tim Mansfield
, Vendor Advocacy
, Vendor Advocates