Tag Archives: Foreclosure

Consider It Sold

sold-anotherYes, you can consider it sold!
Whether you’re a home owner selling to relocate or a bank holding a repossession we can help!

When working with banks and asset companies we offer our unparalleled service beginning with eviction, when needed, and securing the location. We have the property cleaned, yards mowed, repairs done as required, coordinate inspection services, winterize, advertise and market to buyers, give reports, and be there through the closing.

Home owners can be assured we will handle your real estate transaction as if we were selling our own home.
We will perform a comparative market analysis for fair market value. We will walk you through all the steps and offer you resources to answer any questions you may have. We will help you market your property and navigate the paperwork including closing the deal.Harriet Robertson

Are you ready to develop a trusting relationship? Great, give me a call!

What Is REO Property?

brooklynBPOhomeREO stands for Real Estate Owned, referring to property that has been foreclosed upon. That means that the lender,bank or government agency, has taken possession of the property and the title and has the right to sell it.

After a repossession from which the property becomes classified as REO, the beneficiary will go through the process of trying to sell the property on its own or obtain the service of an REO Asset Manager. The beneficiary will remove the liens and other debts on the home and try to resell it to the public, either through future auctions, direct marketing through a real estate broker, or by itself. The asset manager may also try to contact REO realtors (that’s me) that specialize in certain ZIP codes to help sell this bank owned property. Real estate investors will often purchase these properties because of discounts offered to compensate for the condition of the property.   Continue reading