An unprecedented number of properties are facing foreclosure in 2009, and more borrowers go into default every day. Lenders and lien holders who have taken possession of their properties can rely on the Smoky Top Project Group to protect the value of their collateral through Foreclosure Services. Smoky Top Project Group’s industry professionals can provide Property Analysis and Reviews, Cleanup, Weatherizing and Securing, and even Renovation or Project Completion. One call to Smoky Top Project Group will start the process of protecting your asset and maximizing the value of your property. 

Foreclosed Property Analysis and Review

Smoky Top Project Group will review any foreclosed property on behalf of the entity that has taken possession, or their legal representatives. We will report the conditions of these properties, and make note of any immediate safety or maintenance concerns.  We can also identify any renovations or repairs that would enable the lender to maintain the value of the property, and maximize the recovery of their investment.   This Analysis and Review process is similar to a buyer’s home inspection, but the Smoky Top Project Group’s perspective allows us to consider practical, economical solutions to the unique circumstances involved. We will recommend the most efficient steps to take in order to protect the property or ready it for the real estate market.  These services are performed by an experienced contractor, the Smoky top Project Group, who will produce an accurate and professional assessment of the condition of your property. 

Foreclosed Property Cleanout and Securing

Smoky Top Project Group has a construction division that will cleanout and haul off personal remainders, safeguard, secure and monitor properties.   We will try to obtain any keys or information which will help in maintaining a property.  We will determine the status of the utilities and do any weatherproofing necessary.  We can change locks or take necessary precautions to assure the condition of the property is maintained.  We also can monitor the properties on determined schedule to continue security of the property.  We believe that our experience can help in determining the best means of quickly securing and maintaining security to assure best and highest value of properties. 

Foreclosed Property Completion or Renovation

Smoky Top Project Group has experience working with institutions and individuals who have taken possession of incomplete projects.  These projects are always a challenge because background information is usually very limited.  Smoky Top Project Group will perform an exhaustive discovery process to analyze the existing conditions and level of completion of the project.  We interview subcontractors, building codes officials, inspectors, neighbors and anyone else we determine has been involved.  We also do careful physical inspections to assure that existing project components have been constructed according to applicable building codes and standard construction practices.  If required, the Smoky Top Project Group can complete construction of the project, or perform renovations on a previously completed structure to optimize sales potential and maximum value.  We are a complete turnkey company that can perform discovery, act upon available information, and assure a successful completion or renovation of your property.