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My
REO Team Objectives
Our objective
is to provide the highest quality service to lenders and asset disposition
firms by utilizing state-of-the-art technology, professional ethics,
teamwork and good old-fashioned hard work; thereby building a positive
working relationship with each and every client.
We have been full-service providers specializing in bank-owned properties
since 1991 and handle property security, maintenance, and rehabilitation
issues and deliver timely invoicing and status updates to our clients.
Our clients include Fairbanks Capital, REO Marketing, National Foreclosure
Services, Countrywide, Asset Disposition Management, Premiere Asset
Services and Washington Mutual. We also have the financial capability
to provide ongoing service for multiple properties until reimbursement.
Marketing
Procedures
Upon assignment the following will be completed:
- Occupancy
status determined immediately.
- Property
is secured and re-keyed, if vacant.
- Cash-for-keys
negotiations opened, if applicable.
- Eviction
proceedings started, if applicable.
- Job estimates
initiated.
- Wood-destroying
Organism report ordered.
- BPO completed
to the client within deadline.
- Property
photos sent to client (hard copy or email).
- MLS input
on day of assignment.
- Signs ordered
with informational brochures.
- Advertising
submitted: Local home magazines and newspaper.
- Submit to
multiple Internet web sites.
- Supervise
repairs, if allocated.
- Scheduled
weekly property inspections.
- Timely and
accurate monthly market updates.
- All contract
negotiations & document preparation.
- Verified
buyer qualification.
- Escrow deposit
verification.
- Title order
processed.
- Regular updates
with buyer's mortgage company.
- Expenditures
paid by My REO Team with reimbursements billed monthly.
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