We offer a variety of real estate services for banks in possession of foreclosed homes. Our services include property management, listing and selling, and marketing programs designed to provide early resolutions and to maximize recovery. We have succesfully disposed of over 1,400 REO assets.
Experienced REO Agents / Default Managers
| REO Services: - Initial Drive-by Inspections
- Rekeying & Security (Lock Box Installation)
- Cash For Redemption where necessary
- Manufactured Housing Titling & Repossession Assistance
- Informing Lender of Occupancy or Status
- Completing Broker’s Price Opinion
- Arranging for Trash Removal
- Initiating Utilities
- Arranging to Winterize Property (When Needed)
- Arranging for Lawn Care & Cleaning
- Suggesting Appropriate Repair or Renovation
- Discussing Marketing Strategies with Lender
- Prequalifying Potential Buyers’ Ability to Secure Financing
| - Arranging for Inspection of Property by Appraiser
- Placing in Regional MLS
- Posting Appropriate Signage
- Following up with All Showings for Buyer Feedback
- Monitoring Home for Security, Cleanliness, & Lawn Care
- Supervising Repairs & Advising When Completed
- Completing Status Reports as Needed
- Updating BPO as Requested
- Handling All Emergency Repairs or Situations
- Keeping Lender Informed of Property Status
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| Sale & Closing Services: - Advise REO Department of All Offers
- Sending Copy of Signed Contract to Lender
- Arranging for & Monitoring Loan Processing
- Informing Lender of Appraisal Requirements
- Monitoring All Contingencies in Agreement
| - Reporting Any Problems Immediately
- Advising seller when Closing Is Scheduled
- Submitting HUD-1
- Submitting All Final Bills for Payment
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