Risk Management; REOs, Property Acquisition and Management Consulting
Several of Phoenix Valley Design/Build's staff have been securing and liquidating REOs since 1986.
In 1986, PVDB (then Arizona Investment Management, Inc.) handled all of the REOs in the Phoenix market for:
- Century Bank
- Southwest Savings & Loan
PVDB went on to handle REOs for:
- Resolution Trust Corp. (RTC)
- Federal Deposit Insurance Corp. (FDIC)
- Veterans Administration (VA)
During the period of 1986-1990, our staff liquidated a consistent average of 2.5 million dollars of inventory per quarter.
PVDB is ready to assume the liquidation processes needed to mitigate its clients' exposure to losses on units ranging from the extremely "high-end" (above photo) to more prevalent, modestly priced homes. The experience PVDB staff members gained during the last increase in foreclosure rates (during the late 1980s) leaves us well-prepared to serve your institution during the current transition in market conditions.
Using past marketing strategies and our connection with High Profile Realty, our Days on Market (DOM) averages should be less than or equal to regional averages.
Photos are available of one of the REO properties we have liquidated.
Please contact us with your REO risk management concerns.
