We help local governments transform vacant properties into sustainable income, sales, & property tax revenue growth so they can improve the lives of their constituents.
Reduce Investor Purchases | Eliminate Blight | Increase Property Values & Tax Revenues
AS SEEN IN
Don't fight tomorrow's real estate vacancies and
blight with yesterday's tools.
Resolve current and future vacancies to increase income, sales, and property tax revenues with ease.
Discover hidden tax revenue and affordable housing opportunities using the data in your vacant property registry.
Stop unethical real estate investors from owning a disproportionate number of homes in your community.
Real estate vacancies are a spreading disease in urban, suburban & rural communities.
While disease spreads fast, our technology enables governments to move even faster — without hiring more staff .
Real estate vacancies cost local governments over $6 Billion annually*. How much is your community losing?
Property Taxes
$2.52 Billion
Estimated loss of property tax revenues caused by vacancies
Income Taxes
$1.8 Billion
Estimated loss of income tax revenues caused by vacancies
Sales Taxes
$2.28 Billion
Estimated loss of sales tax revenues caused by vacancies
How it Works: Introducing the Virtual Land Bank Platform (2-Minute Read)
We help your local government predict and mitigate risk to future income, sales, and property tax revenues by supercharging the community development process. With the click of a mouse, we create a “Virtual Land Bank” that scans data specific to your community to generate a “case” both for current vacancies and properties that are at-risk of being vacant in the next 1-7 years.
Each current or future vacancy is a case.
“Cases” are reviewed by a virtual “Case Management Team” that examines each current or at-risk vacancy from the perspective and expertise of:
- A real estate attorney with 20+ years of experience solving complex real estate title issues
- A behavioral psychologist with 20+ years of experience guiding those impacted by divorce, death, job loss, and financial issues to positive milestones
- A real estate agent with 20+ years of experience estimating property values and renovation costs
- A real estate attorney with 20+ years of experience litigating foreclosures and bankruptcies
- Government officials with 20+ years of experience in community and economic development
- A housing court judge with 20+ years of on-the-bench experience
We take a multi-channel communications approach to engaging property owners.
We engage property owners (including absentee owners) across all marketing channels – mail, email, web, social media, and text messaging – to deliver assistance via licensed attorneys and real estate agents.
“Case Management Plans” are deployed to assist property owners in reaching “Milestones” such as property tax payment plans, loan modifications, or the sale of distressed property to new ownership.
Property owners are monitored to avoid vacancies.
For a 3-year period, we continue to monitor property owners who achieved “Milestones” to ensure properties are being maintained, property taxes are paid timely, and the “cycle of distress” that led to the first vacancy or at-risk vacancy does not repeat. If it does, we re-engage with a new “Case”.
The system delivers bottom line tax revenue results for local governments without large, upfront investments in technology and manpower.
See how our platform will instantly improve your community.
Let one of our Local Government Specialist walk you through a free, no-obligation demo of the Virtual Land Bank Platform and start the process of delivering measurable results to your constituents today.
