Real Estate Consulting Services

REO Services

F. Lax Construction is a full-service real estate consulting provider, offering commercial and residential REO property rehabilitation, preservation, and maintenance for major national banks and mortgage companies. For years, we have helped countless REO properties maintain their value by handling portfolio repairs, renovations, maintenance programs, and more. Our property preservation services include minor and major repairs and renovations, ensuring that your investment is always ready to go to market and prepared to command top dollar.

Properties become Real Estate Owned (REO) when owners default on the loan and the lender repossesses them but fails to sell them at a foreclosure auction for the amount sought to cover the loan. Although banks generally take ownership of these properties at a steep discount, they may require extensive repairs to command market value.

“We will work hard to enhance the value of your properties prior to disposition. What’s more, we will ensure compliance with investor and regulator guidelines as well as local municipal codes.”

Common REO Tasks

  • Inspections & Security
  • Occupancy Checks
  • Rekey
  • Board Up
  • Photos and Videos
  • Insurance Inspection
  • Property Repair Inspection

Why Use F. Lax REO Services?

REO property owners, which are generally banks and mortgage companies, must determine when is the right time to retain a third party service to help maintain, repair, or renovate their investment. There are a number of factors that indicate it’s time to call F. Lax to help you improve your property portfolio so that you can get them off the books.

In order to take a property to market, it must be in good condition. We provide the professional general contracting and skilled labor you need to enhance your property.

It can be challenging to sell a property with overgrown landscaping. We’ll handle the mowing, trimming, weeding, and other tasks required to improve the appearance of your property.

We will look after your property and perform regular inspections to keep your investment secure. We will ensure that your REO property is not being inhabited by uninvited guests.

If you’re not sure about the condition of a property that has been on the books for some time, we can give you peace of mind by providing property conditions reports.

Attention Brokers

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Construction & Repair

  • Full-Scale Build Outs
  • Renovations
  • Historic Restorations
  • General Carpentry
  • General Interior Finishes
  • Window Repairs/Replacements
  • Lighting Upgrades
  • Doors, Storefronts, Locks
  • Exterior Façades & Canopies

Disaster Cleanup

  • Water Extraction
  • Mold Remediation & Removal
  • Debris Removal
  • Demolition
  • Disinfection Services
  • Lead Abatement
  • Asbestos Removal

General Contracting

In addition to our REO property services, F. Lax Construction provides comprehensive general contractor services to commercial property managers. We understand the challenges associated with solving problems for multiple tenants with various needs related to reconstruction, remodeling, and property maintenance. By providing access to reliable, expert general contracting, we help keep your properties and systems in good, working condition.

We help eliminate the stress associated with unresponsive contractors by providing 24/7 emergency service and answering the call when you need it most. From construction, to capital projects, repairs, restoration, remediation, and more, we understand your needs and work together to reduce your workload by improving and maintaining your assets under management.

Environmental Compliance

F. Lax Construction provides full environmental compliance consulting for private , government and business property owners to guide them through the process of dealing with hazardous materials, contamination, and waste

Why Choose F. Lax Construction?

  • We are a Better Business Bureau A+ Rated Company
  • We Provide 24/7 Live Operators
  • We Feature a 60-90 Minute Response Time
  • We Employ Uniformed, Drug Tested & Background Checked Professional Technicians

  • We Bill Directly to Insurance Companies

Need Complete Restoration or Remediation Services?

Turn to our sister company, X-Cel Restoration, for comprehensive restoration and/or remediation services for water, fire, mold and storm damage. Together, we bring over 50 years of the most advanced technologies and practices to quickly solve your emergency disaster problems.

Contact Us

Founded in 1946, F. Lax Construction is your preferred mitigation and restoration services provider in times of disaster. Because a crisis can happen at any time, we offer emergency service 24 hours a day, 7 days a week to over 13 counties in Southeastern Michigan. We will arrive at any commercial, residential, or industrial site in a timely manner to assess and repair damage caused by fire, water, storm, and all natural or man-made disasters.

If you are facing an emergency, contact us within 24 hours of the first sign of damage. We will provide the professional services required to execute the repairs or restoration and prevent further damage from occurring. What’s more, we will work directly with your insurance company to coordinate every aspect of your claim and help you achieve the best possible outcome.