Specializing in REO properties throughout the Los Angeles Area We will help you: Efficiently manage and sell your REO assets. Reduce your costs and staff time in managing your foreclosures. Increase productivity within the REO department, thus effectively reducing marketing time of the REO asset
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List of REO Services Initial Steps
REO Services | Banks 1.Managing vacant assets 2.Mitigating losses & selling properties for top dollar 3.Restructuring asset income to improve performance 4.Meeting aggressive timelines on all aspects of the REO process 5.Relocation assistance and eviction management 6.Delivering well-supported list agent BPOs, appraisals, market plans and status reports 7.Providing curative activity throughout the marketing stages 8.Consistently producing strong negotiations to ensure the best terms for our clients 9.Drive-by Inspection of property within 24 hours 10.Re-key, Board ups and Secure
11.Inform Lender of Occupancy/Status 12.Provide eviction services if needed and collect rents. 13.Comprehensive BPO including interior and exterior photos 14.Arrange for Trash Removal, Yard Cleaning & complete interior cleaning 15.Initiate utilities 16.Arrange for lawn care and cleaning 17.Suggest appropriate repair or renovation 18.Open bids for repair or renovation 19.Discuss Potential hazards with lender 20.Maintain contact with lender until listed on the market
After Listing
Place in one or more MLS immediately Provide written verification of MLS placement Arrange for appropriate signage Schedule aggressive marketing Follow up all showings for buyer feedback Monitor home for security, cleanliness, and lawn care Supervise repairs, advise when completed Complete status reports when needed including schedule of advertising Updated BPO as requested Mail bills to lender for payment or reimbursement Report any vandalism immediately, file police report Handle all emergency repairs or situations Keep lender informed of property status at all times
Sale and Closing Advise REO department of all offers Send copy of signed contract to lender Regular monitoring of the loan processing Inform lender of any appraisal requirements Monitor all contingencies in agreement Report any problems immediately Advise REO department when closing is scheduled Send closing statement by overnight mail to lender Submit all final bills to lender
If you require any special forms to be completed,
please mail or email us a copy to the following address: Karl Asatryan Multi Zone Realty Inc. 13437 Ventura Blvd Ste.211 Sherman Oaks CA 91423 MZ@multizonerealty.com
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