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WELCOME TO DEED LOGIC
A different approach to non-performing asset management
OUR STORY
Freeing our community of Zombie homes
Deed Logic was founded with a simple mission: to purchase control of abandoned, boarded up, squatter occupied homes and convert them into well managed cared for properties. Our unique approach examines each situation and purchases an ownership interest from homeowners who would like to free themselves of their management burden.
After the financial crisis of 2008 our community was littered with homes which were either abandoned by their owners or boarded up by the banks to await the foreclosure process to conclude. We are not wholesalers looking to flip property, we are end users who use our own money to purchase property which may have no equity and be under foreclosure. We primarily purchase homes which are not sellable on the open market as there is no equity in them and a short sale may not be an option.
We purchase all homes without clear title and subject to all liens and violations. Once purchased many of these homes are restored into well cared for productive assets , and no longer have a negative impact on neighboring property values. Former owners shed themselves of the management responsibility and future violation liability.
CLEAR TITLE
Transfer of ownership does not prevent lenders from continuing their foreclosure action. Once we acquire ownership of the property we may attempt to resolve the outstanding debts against the property through various methods including the accelerated conclusion of the foreclosure action. In certain cases the repurchasing of the asset at or post foreclosure sale may be the only way to obtain fully clear title.
QUALITY HOUSING
When home management is not performed by the deed owner, existing tenants as well as the community suffer. Once we purchase an ownership interest we immediately invest in the cleaning and maintenance of the home and its surrounding property.
SECURE AND PROTECT
Vacant and unguarded homes attract negative attention and can become a liability for the community, the deed owner, and the lender.
OUR MISSION
BETTER OUR COMMUNITY
Boarded up, uncared for and delipidated homes have a negative impact on neighboring property values and neighborhood quality of life.