Our Process
Let Us Show You How Strategic Liquidation's Processes Work
Voluntary/Involuntary Repossession Completed
(by Lender's assignment to recovery yard or by SL contracted recovery yard or transporter)
Lienholder Notice Sent to Debtor/Member
(by Lender after notification of completed recovery by SL or recovery yard)
Liquidation Assignment to SL's Online Database or via Email
(by Lender/Client before or after recovery of asset. Repo date is acknowledged and database establishes earliest date unit can be sold to protect lenders)
Vehicle/asset CR & Pics Obtained From Recovery Yard
(reviewed by SL to determine appropriate liquidation strategy)
Best Auction Venue Selected by SL
(SL selects the best auction/sell venue to maximize liquidation results)
SL Sends Lender/client Release
(Lender/Client asset release sent to recovery yard by SL and transport assigned for auction pick up or recovery yard delivery)
Lender Sends Title/Repo Affidavit to SL
(after title receipt, SL sends assigned title/repo affidavit to auction)
Auction Provides CR to SL for Review
(SL reviews auction CR and provides key production and reconditioning directives, if required. Auction updates CR with mileage after key production completed)
Auction Floor Price Established
(SL utilizes a proprietary database valuation system to determine an appropriate floor price. Lender provided auction CR, if requested, and floor price for approval)
Vehicle Scheduled Auction Run Completed
(vehicle is sold if floor price reached. If not, high bid is countered or accepted after lender consult. If unsold, unit is listed within auction's online sale site until next run)
Vehicle Sold and Funded to SL by Auction
(SL funds lender via ACH or check and submits Asset Liquidation Report and auction net sell sheet to lender for storing appropriate documents to comply with FTC requirements)
Notification to Lender Member/Debtor
(Lender notifies member/debtor of final liquidation results)