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REO Asset Management

reo asset management

When it comes to REO asset management services, our main objectives are to manage investor-owned assets, coordinate property preservation, eviction, marketing, and sales for your properties as well as offer security and preservation of your assets to prevent damage.

You can rely on us to mitigate losses after a foreclosure sale by handling the following:

  • Vendor Management – We will take care of the real estate broker, appraisal company, title company, etc. so that you don’t have to.
  • Evictions – Evictions can get messy, so it’s best to leave it to us.
  • Pre-List – We pre-list the home for you as well, so it’s one less item on your list to take care of.
  • Sales/Marketing – We cover all sales and marketing aspects using our proven techniques and strategies
  • Offer Negotiation – We can even negotiate your offer so that you can get the most out of your foreclosure.
  • Title Curative – We correct any possible issues with your title and possession of your land.
  • Repair Management – We handle any repairs that need to be made. Forget about spending all day calling different companies for quotes.
  • Closing Coordination – We also coordinate the closing for you.
  • HOA Management – If you are part of an HOA, we straighten out any issues that may arise concerning the association.
  • Tax Services – We also oversee any liens that situations for you as well.

When appropriate, we will manage the eviction process and register vacant properties directly ensuring your assets are priced, marketed, and sold to reduce loss.

Why Choose Brooklyn BPO?

Here’s what sets us apart compared to other REO asset management companies in Brooklyn NY:

  • Full Service: End-to-end REO asset management, including premarket, maintenance, eviction, marketing, compliance, closing, vendor management, and property management.
  • Results: Accelerated liquidation timelines, minimized portfolio risk, maintained value and high net recovery, and best performance across preferred provider and our agent network.
  • Key Metrics: Best-in-class service across many metrics, including length of asset in inventory, time-to-list properties, time to contract, eviction rate, percent closed, greater than 180 days on market, net return to sales price, and average sales price to list price.
  • Efficient Systems: We allow our team the maximum amount of time for strategic planning for your property.
  • Maximized Value: We are focused on fiduciary responsibilities as well as providing maximum value to our clients by minimizing cost, mitigating risk, and obtaining the best price possible.

The key to our success is the ability to respond to our client’s and the market’s changes and challenges rapidly as well as making the correct adjustments as quickly as our client needs them.

The REO Asset Management Process

Property Evaluation

  • Assign qualified, established REO agent to the property
  • Secure, inspect, and winterize the property
  • Determine occupancy
  • Offer Cash for Keys if occupied (CFK)
  • Evaluate property condition
  • Obtain bids for trash-out, maintenance, and rehab
  • Evaluate environmental, safety, and compliance issues

Property Management

  • Determine occupancy
  • Offer Cash for Keys if occupied (CFK)
  • Initiate and manage the eviction process
  • Evaluate property condition
  • Obtain bids for trash-out, maintenance, and rehab
  • Evaluate environmental, safety, and compliance issues

Contract Negotiation & Closing

  • Negotiate offers within predetermined authority levels
  • Manage the closing process
  • Receive billings
  • Ensure timely receipt of sale proceeds
  • Create final invoicing to client
  • Provide detailed net sheet with all offers

Our goal at Brooklyn NYBPO is to help you maximize your property values, boost asset returns while saving you time and lowering your administrative costs. Regardless of your portfolio size, our team is ready to discuss how to assist you with your asset management needs.

Our success in managing real estate portfolios owned by financial institutions and real estate investors, combined with our experience in managing government-owned inventories allows us to bring together best practices from the private and government sectors to deliver outstanding results.

Get the best execution on your properties with our full-service REO asset management services and capabilities. Our network of real estate professionals has the tools, knowledge expertise to help you take advantage of single-family residential homes and rental market opportunities and minimize losses on REO today.

Want to learn more about how we can aggressively protect your properties with our services?

Please contact us for a no-obligation Personal Consultation today. 

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