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Rail Property Management
(RPM) will prepare a complete overview of properties to determine
potential for rail use, future development or
sale. For properties designated as surplus, RPM will create a marketing
plan for the sale or lease of such properties. This includes identification
of individual surplus parcels, evaluating properties, and implementation
of a program to effectuate the sale.
In addition to the sale
of surplus properties, RPM also handles the sale of entire abandoned
rights of way. This includes review of acquisition instruments,
determination of title, evaluation of property, and the establishment
of a program to complete the sale of all segments of the abandoned
line. The RPM staff spend the necessary time in
the field to research land values, adjacent ownership and
make personal contact with all prospective purchasers. A project
is deemed complete only when all remaining properties are sold.
For both surplus property
and abandoned line sales, RPM is capable of handling all aspects
of such a sale. In addition to the marketing program a turn-key
approach will include preparation of contract forms, mapping, processing
of title, creation of legal descriptions and completion of the closing,
including deed and documentation preparation, scheduling, and collection
of funds.
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