Strategic Liquidation connects these stages so that recovery and liquidation can operate as parts of a coordinated asset-management process.
(by Lender's assignment to recovery yard or by SL contracted recovery yard or transporter)
(by Lender after notification of completed recovery by SL or recovery yard)
(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)
(reviewed by SL to determine appropriate liquidation strategy)
(SL selects the best auction/sell venue to maximize liquidation results)
(Lender/Client asset release sent to recovery yard by SL and transport assigned for auction pick up or recovery yard delivery)
(after title receipt, SL sends assigned title/repo affidavit to auction)
(SL reviews auction CR and provides key production and reconditioning directives, if required. Auction updates CR with mileage after key production completed)
(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 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)
(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)
(Lender notifies member/debtor of final liquidation results)
Asset Liquidation Completed
Effective asset liquidation requires more than a place to sell a vehicle.
