Real Estate Owned (REO) Services
In this ever-changing market, many lenders are facing a rising rate of foreclosures and/or short sales situations in their portfolios. As a result, these institutions need the resources of a knowledgeable real estate propfessional to help them understand how to navigate the Valley market and liquidate these properties.
With extensive business experience working with companies and major corporations and real estate, we can help lenders work through their real estate owned properties.
Services provided include:
- Superior Comparable Market Analysis (CMA) - Analysis is detailed and documented with pricing and positioning recommendations.
- Pre-market property tours - Each property is visited to assess its physical condition and identify potential buyer resistance issues and improvements that could improve its marketability and financial recapture.
- Full-scale marketing treatment - Unlike other repossession services, listings and marketing collateral are high grade in quality. With so many properties on the market, complete representation through photography, information, and other means is critical to successfully selling in this market.
- Contract negotiation recommendations - Thorough consultation and recommendations for negotiation of all offers as desired by the lender/investor.
- Get-to-close attention - Activity is focused and attentive with a sense of urgency that reflects the lender's sense of urgency to get to money as quickly and smoothly as possible.
- Market update and status reports - Periodic market updates are provided that cover broader market trends drilling down to activity in the specific communities where the foreclosed properties are located.
- Scalability - Whether utilizing assistance for a handful of properties or many properties, services are ready to scale for your needs with no impact to your business.
- Vendor coordination - Working to coordinate work that may need to be performed on a property.
- Regular communication - Consistent and regular communication is a critical component of this process in order to keep all parties up-to-date and prepared to make decisions as offers come in.
- Professionalism and integrity - All client and business relationships are performed with the utmost professionalism and courtesy. Commitments are met. Follow-through is key.
We look forward to helping you reduce your exposure and risk in this market and to working to get you back your peace of mind.
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