REO Risk Mitigation and Compliance Management

Asset owners must make sure that they are in compliance with the ever-changing local and state regulations concerning foreclosed properties or face the risk of fines or possible litigation. LAMCO’s professional REO staff continually reviews and monitors state and local guidelines on default and REO properties including redemption and confirmation rights, removing this burden from our clients’ personnel.

LAMCO registers every vacant property and advises our clients on the liability and risk exposure created from the properties. We ensure all vendors and service providers are aware of any changing regulations and that properties are managed accordingly. Our team ensures your vacant properties conform to local and state guidelines on trash removal, types and quality of construction materials and condition of properties to minimize impact of regulatory actions. And we provide historical records on all default and REO actions so you have a comprehensive audit trail to protect your organization.

LAMCO continually implements new services to meet the changing needs of the marketplace. As new laws have emerged to protect existing tenants, LAMCO has created a tenant management program to support the management of renters and the objectives of our clients.