REO Processing Services

REO Processing

REO Processing Services

A Real Estate Owned (REO) property is one that has been foreclosed and returned to the lender. Our REO Asset Management Team is dedicated to maximizing net recovery swiftly and effectively. To succeed in today’s competitive market, we use a comprehensive approach combined with innovative strategies designed to shorten the time to market, optimize returns, and prevent fraud. We offer these services individually or as a cost-effective flat-fee solution.

Pre-Marketing

  • Receive assignment and confirm property status within 24 to 48 hours.
  • Complete an interior BPO, Photo Addendum, and Checklist of Damages if the property is vacant.
  • Document and inventory personal property, post a Personal Property Notice for 30 days.
  • Notify when property is re-keyed and secured for additional services.
  • Negotiate move-out agreements with occupants, offer relocation assistance, and ensure property is clean.
  • Inspect property after move-out and secure it before starting evaluation and remedial phases.

Listing

  • Assign a local agent for marketing per Master Listing Agreement.
  • Monitor listing activity and adjust list prices as needed.
  • Track and manage counter offers.
  • Provide activity reports and ensure accurate offer acceptance review.

Processing

  • Collect and review all documentation for accuracy and completeness.
  • Send introduction and closing instructions to the closer.
  • Require weekly updates and verify major milestones like title commitment and loan approval.
  • Ensure all documentation and earnest deposits are verified before closing.

Benefits With Our Service

Our REO Processing Services ensure that your properties are managed efficiently, from initial assessment to final sale. By leveraging our comprehensive approach, you benefit from reduced time to market, optimized returns, and minimized risk of fraud. Our expert team ensures that every aspect of the REO process is handled with professionalism and accuracy.

REO Processing
REO Processing

Analyzing REO Processing

Our detailed analysis and processing of REO properties ensure that every step is handled meticulously. From initial property evaluation to final closing, our team is committed to delivering high-quality service and achieving the best outcomes for your assets.