Our REO Services

Our Team  specializes in Bank Owned REO properties in Philadelphia and surrounding areas , over the years we  built  an  extensive knowledge and experience working with some of the largest banks and asset management companies in the country .

We provide comprehensive case-management technology deployable to clients via the internet. In addition, we offer state of the art target marketing, exposure and Multiple Listing System to sell properties quickly. Our system consistently produce outstanding results for our clients.

While the best technology allows for the most efficient and productive management of an REO asset, there is no substitute for technical expertise and experience  of REO negotiation and liquidation our team has and professionally provided to our clients.

With  service   output of 98.2% sale price to list price ratio and an average 37 days on the market, we will ensure that each REO asset  follow the same checkpoints listed below and which our team has set.

We recognize the importance of providing our client with quality service annd superior performance levels at all times.

So please Contact Us for your REOs and we will prove it to you. 

 LISTING SERVICES

• Initial Drive-by Inspection in less than 24 hours of    request                           
• Re-key & Secure (Install Lock Box)
• Eviction Assistance / Cash for Keys
• Repossession Assistance
• Inform Lender of Occupancy or Status (Weekly Basis)
• Complete Broker’s Price Opinion
• Arrange for trash removal
• Initiate utilities
• Arrange to Winterize Property if needed
• Arrange for lawn care and cleaning
• Suggest appropriate repairs or renovations
• Obtain and submit bids for repairs or renovations
• Arrange for inspection of property by Appraiser
• Place in Regional MLS & Provide written verification
• Post appropriate signage
• Follow up all showings for buyer feedback and submit activity report.
• Supervise repairs and advise when completed
• Complete status reports as needed.
• Updated BPO as requested
• Handle all emergency repairs or situations
• Weekly property status.
•  Pre-qualify potential buyer’s ability to secure financing.

  SALE & CLOSING SERVICES

• Advise the Asset manager all offers.
• Send copy of signed contract to Lender
• Arrange for and monitor loan processing
• Inform Lender of appraisal requirements
• Monitor all contingencies in agreement
• Report any problems immediately
• Advise the asset manager when closing is scheduled.
• Coordinate the closing.
• Send HUD-1 via FAX or electronic transmission for review and approval.
• Submit all final bills for payment.

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