REO (Bank Owned)

 

We pride ourselves in the expert management and disposition of bank-owned properties. Our brokerage consists of experienced REO agents and staff dedicated to providing superior asset servicing and sales. We strive to exceed every expectation of the REO servicing process. Our system tracks your asset from before redemption, preservation, pre-marketing, rehabilitation, marketing, and closing of that asset. We are committed to high levels of service, immediate responses, and timely disposition of assets under management.

Summary of Qualifications

• REO Default Certified Professional

• Short Sale Certified

• Equator Platinum Short Sale & REO Certified

• National Association of BPO Professional

• Five Star FORCE 

EXPERIENCE

• More than 100 total closed transactions • Sales price to original CMA\BPO value - 96% • Average residential list to close days  44 • 24 hour turn around on Drive By BPO & MMR REO SERVICES • BPO - drive-bys and interiors performed quickly and efficiently. • Occupancy - same day occupancy checks, weekly reporting • CFK (Cash-for-keys) - hard-line negotiation with occupants in effort to save the Client from having to evict vast knowledge of rent control laws • Eviction - cooperation & coordination with marshal and sheriff of all cities Serviced, as well as court appears as agent. • Loss Mitigation - mortgagor negotiation and deed-in-lieu assistance. • Rekey - coordination of contractor using client-specific key codes & lock box combinations. • Secure & Winterization - confirm that all properties are secured and accessible only by keyed entry. • MMRs - timely marketing reports for up-to-date information on new comparables and showing feedback • Negotiation - all offers negotiated using client-directed offer communication method • Closing Coordination - pending transactions systematically managed for timely closings • Auction Coordination - oversight, coordination, and attendance (if necessary) • Trash out - management and inspection • Landscaping - oversight of all lawn maintenance and landscaping per client guideline • Repairs and Rehabs - extensive contractor database with quick turnaround for bids. • Management during repair process; Inspection upon completion • Communication – Constant communication with clients and asset management • Comprehensive oversight of buyers' lender and attorney • Dedicated Areas - pre-marketing, listing coordination, offer negotiation, closing, BPOs

 

SERVICE AREAS: Nassau County, Queens County, Suffolk County, Bronx County. Kings County / Brooklyn, Westchester County. Manhattan 

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