Distressed Real Estate Consulting Services, Inc. is a Florida corporation located in historic Pensacola, Florida officially designated as "America’s First Settlement." DRECS was formed in 2007 to provide specialized niche servicing operations for three distinct client populations.

Institutional Real Estate Tax Lien Purchasers

DRECS is engaged in the business of providing complete end-to-end or turnkey servicing functions to funds that have selected real estate tax certificates as alternative investment products. Real estate tax certificates are also referred to as tax receivables, tax liens, tax lien certificates, and certificates of purchase to list a few. The overarching quality these instruments share is a superior lien position. These liens arise and are sold as a result of unpaid real estate tax bills issued by local government taxing authorities across the United States. Current estimates place the dollar amount of delinquent taxes sold annually via live outcry, bulk sale, and internet auctions between $10-12 billion. Real estate tax liens may accurately be described as short term, low risk, moderate to high yield, well collateralized debt receivables. Interest rates are established by state statute as is the tax foreclosure process.

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Banking and Mortgage Industry Foreclosure Management Services

Distressed Real Estate Consulting Services, Inc. is a full-line OREO/REO default services management company dedicated to the preservation, loss mitigation and ultimate liquidity of our clients’ mortgage foreclosure properties. These services include:

  • REO inventory evaluations by state and local jurisdiction; foreclosure cleanout; property specific broker price opinions; certified property appraisals for single family, multifamily, commercial, vacant and industrial parcels; repair and restoration services; selection and management of law offices specializing in foreclosure actions including “cash for keys” and eviction.
  • Risk analysis of environmental issues and remediation solutions.
  • Marketing sales management from Realtor selection through closing and title transfer.

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Local Government Revenue Enhancement Services

Distressed Real Estate Consulting Services, Inc. provides management advisory services to local governments (township, municipality, county and metropolitan consolidated) on a wide range of ad valorem real estate taxation issues to best serve the infrastructure funding requirements for the community and its citizens.

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Website Versión española

Tax Lien Servicing, National, Nationwide, Pensacola, Florida, Escambia, Santa Rosa, Alabama, Mobile, Tax Liens, Tax Lien Certificates, Tax Certificates, Real Estate Tax Liens, Real Estate Tax Certificates, Tax Deeds, Tax Liens As Alternative Investments, Alternative Asset Management, Alternative Asset Servicer, Special Asset Servicer, Oreo Property Management Services, Oreo Property Maintenance Services, Special Asset Property Manager, Reo Asset Protection Services, Foreclosure Management Services, Municpal Revenue Enhancement Services, Local Government Tax Management Services, Revenue Enhancement Policy Consultants, Property Tax Collection And Tax Administration Services, Delinquent Real Estate Tax Sales