What do you find comes more naturally to you? Are you more of a waterfall person or a rapid? It all depends on the project and what you’re trying to achieve. So I think if you’re looking for innovation, innovation can occur in both sets, sometimes being more organized in a project and spending time planning and thinking it through may also depend on timelines as well. When you’re looking for large organizations, there is a requirement to hit a certain deadline. Using the waterfall approach sometimes might take six months more to be able to get the project done. So you really got to understand the technicalities and these liabilities and see really which way around you can create the right match. Sometimes you might have a mix erupt application development in the beginning of a project.
And then move more into making it more processing. Once you’ve got something fundamental to work with or vice versa, you could actually make it more processing. Once you’ve got the basic platform up and running, you can then think of it. It all depends on what you’re trying to do. So on projects which are more hardware orientated or setting up a system that’s more reliant upon getting the hardware set up, you don’t really require a rapid application development for that.
That’s more going to be waterfall because it’s usually predefined. Whereas if you’re trying to come up with an innovation, having a team of experts together, putting them together in a room and coming up and innovations and quickly sometimes also helps to create some fluidity in the project. So there’s no straightforward answer in terms of whether it’s you want something done or you want it perfect. There’s always. Now once something is done, you might think actually make it better. I could have possibly used the waterfall method and vice versa. All depends on what you’re trying to do.
Let’s go on to the topic. I think you’re doing thousands of transactions a month. So first of all, do we come across transactions which involve the LPA receivers?
Yes. Most definitely come across these kinds of transactions at least two or three times in a day across different clients who may need their problems or issues to be resolved. We generally are asked the following:
- Are these properties all for sale?
- Are these properties mainly a ‘stop LPA receiver situation’?
Well, typically we end up dealing with properties from LPA receivers from the client coming to us, which is quite rare. This is our core business and we pride ourselves in being the only company in the market that can actually stop LPA receivers and be the core reason for their Dis-instruction. We are the leading experts!
Transactions which involve LPA receivers may be hard to come by especially when you are looking to expand your property portfolio but as an organization, we have a strong focus on properties under receivership and so if you are either looking to stop the LPA receivers from taking and repossessing your property to keep or you are just looking to hold them off to allow you to buy time to sell your property, we are your solution to all your property problems.
Is there a difference between buying a property under LPA receivership normal or is it special?
Do you need to go through some special vetting technique? What happens anyway that we would get properties with from a receiver?
So number one is a client realizes got a problem with the property being taken over and they’re not really happy with it. And they want to instruct us to help them to take the properties back. So that’s the typical way that we tend to find out about properties which are receivership. The second way that we find out about it is typically state agents or surveys, or obviously practitioners trying to put them on the market.
Well, those are the two key ways which LPA receivers are touched upon by an end user of a property and buyer of a property or by a client
Does the LPA receiver have any powers of sale?
The Answer is once the property has been repossessed and they haven’t broken any regulations, essentially meaning they have correctly been appointed, then the answer is yes the LPA or fixed charge receiver will have the right to sell your property. That’s why you should come to us at Immediate Bank Claims.
