85-Property Foreclosure Preservation for Regional Bank

🔧 The Challenge

A regional bank acquired 85 foreclosed properties after a local economic downturn. The properties were spread across three counties, with 60% requiring immediate securing and 40% needing winterization before the approaching heating season. The bank had no existing vendor network and faced potential losses exceeding $500,000 if properties were left unsecured through winter.

💡 Our Solution

Auxi mobilized 12 local vendor crews across three counties simultaneously. Within 5 days, all 85 properties were secured with re-keyed locks, lockboxes, and board-ups where needed. Full dry winterization was completed on all properties before the first hard freeze, including line draining, antifreeze application, and utility management. Ongoing monthly inspections were scheduled to verify winterization integrity.

✅ The Outcome

All 85 properties were secured within 5 days and winterized before the first freeze. Zero freeze damage incidents were reported through winter. The bank saved an estimated $510,000 in potential damage and reduced carrying costs by 22%.

Project Photos