MMREM Awarded Contract to Provide Real Property Title and Disposition Services for the U.S. Marshals Service Asset Forfeiture Division
USMS selects Matt Martin Real Estate Management for services from pre-seizure to disposition for seized and forfeited real property assets
ARLINGTON, Va., Dec. 18, 2012 /PRNewswire/ -- Matt Martin Real Estate Management LLC (MMREM), a national real estate asset management and disposition provider to multiple federal agencies and mortgage servicers, investors and insurers, announces that it has been selected by the United States Marshals Service (USMS) as a Real Property National Contractor. In this role, MMREM will provide pre-seizure title products and disposal of forfeited residential and commercial real estate for the USMS Asset Forfeiture Division. The USMS selects qualified contractors through a competitive process to handle all aspects of real estate seized as part of its investigations into criminal activities. MMREM will offer services throughout the 50 states and Puerto Rico to assist the Marshals Service.
Using contractors like MMREM allows the United States Marshals Service to leverage the brokerage and auction network of the private sector to dispose of forfeited real property assets quickly and efficiently. This contract covers services for a one year base period with options to renew for four additional years.
"We are extremely pleased to be working with the U.S. Marshals Service as a Real Property National Contractor," says Matt Martin, CEO of Matt Martin Real Estate Management. "We are very experienced in working with governmental agencies, including the GSA and HUD. It is an honor to now add the Marshals Service to our list of government clients, and we look forward to assisting in the important work they perform for our nation," Martin says.
For more information on the Department of Justice Asset Forfeiture Program, go to http://www.justice.gov/jmd/afp/index.html.
About Matt Martin Real Estate Management LLC (MMREM)
Based in Arlington, Virginia, MMREM is an Inc. 500 high growth company that provides asset management, loss mitigation and asset disposition services to investment funds, banks, government agencies and other institutions. The Company provides REO services to the U.S. Department of Housing and Urban Development (HUD) and has conducted more than $1 billion in disposition transactions since 2010. The company, through its a wholly-owned subsidiary, Sperlonga Data and Analytics LLC, provides identification, delivery, and resolution of outstanding homeowner and condominium account ("HOA") balances using a proprietary technology-enabled computer database platform. The company has a nationwide footprint with additional offices in Pennsylvania, Texas and California. For more information, please visit www.MMREM.com.
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