340-Property REO Portfolio Preservation Across 14 States

🔧 The Challenge

A national mortgage servicer acquired a portfolio of 340 REO properties across 14 states following a regional market downturn. The properties had been vacant for 30-90 days with no preservation performed, resulting in 23 properties with active vandalism, 11 with water damage from burst pipes, and 7 with code violation notices from municipalities.

💡 Our Solution

Auxi deployed a coordinated rapid-response team across 14 states, prioritizing the 23 vandalized and 11 water-damaged properties first. Within 12 days, all 340 properties were secured with lockboxes and board-ups, winterized before the first freeze, and brought into code compliance. Auxi implemented ongoing bi-weekly inspections and lawn maintenance to prevent future violations.

✅ The Outcome

All 340 properties were secured within 12 days, winterized before the first freeze, and brought into full code compliance. The servicer avoided an estimated $420,000 in additional damage and fine exposure and reduced average days-to-market by 38 days.

Project Photos