REO SERVICES for Asset Management Companies
REO services for asset management companies make purchasing and managing REO properties easy. We work to help you maximize your investment and minimize any risk. There are a many steps we take to assist in this process.
Getting an REO Agent
First, we set you up with an experienced REO agent. They understand the specifics around REO properties and can make sure you get the best value. REO agents and real estate agents are both in the business of selling homes, but they are distinct.
It is important to have a quality REO property agent when investing in REO properties. They make sure you don’t end up with something that will be more trouble than it’s worth.
Checking the Property
The next step for REO services for asset management companies is to make sure the property is good to go. This may include a home inspection, winterizing and addressing property preservation needs. Because banks sell REO properties “as-is”, it is important to make sure there are no major issues with the home.
While REO properties can be great investments, they may present a high risk-factor. This is why we are here to help with the process. We do our best to make sure you are getting a property that is an investment opportunity, not a money pit.
Dealing with Occupants
Next, we must go beyond the property itself. Our REO services for asset management companies will deal with any occupant issues. The previous owners may not be eager to leave the property after a foreclosure. Trying to deal with this on your own can be very difficult. We can both start and manage the eviction process if it become necessary.
We repeat, this is not something you want to do on your own. Letting our REO experts take care of this will make your life a whole lot easier.
Working with the Property Title
Once the property is clear, we will get started on the title process. We will asses the property condition and order a title report. The title report shows the legal status of the property and who owns it. This is useful for understanding zoning, taxes and value as well as any open issues. These may include things like unpaid taxes, open mortgages or any legal judgements.
The challenge with a title report is not obtaining one, it’s interpreting it. We have years of expereince reviewing these documents and can help you make sense of it. You will have best info when you use our REO services for your asset management company.
Sales, Marketing and Lending
Once we clear the property for sale, addressing any issues, we then help with sales and marketing. This includes any negotations that may need to take place. If you are purchasing, we will help you get the best price possible. If you are selling, we will help advertise the property, getting the price you want in the shortest time.
REO lending services can be a bit more complicated than standard real estate. We can help with that too. Many times investors will have cash-in-hand to buy an REO property. This can make it a more competitive environment if you need a loan.
Don’t worry though, there are options available so that you can still compete as a buyer. We will help you investigate these opportunities and get a pre-approval. This way, you can move to closing as fast as possible and get ahead of the competition.
Why Choose REO Services for Asset Management Companies?
REO properties give you a chance to buy property below market value. This can make REO properties a great investment. Keep the above steps in mind, though. If the property isn’t cleared of any outstanding issues, you may spend more than it’s worth. With the help of an REO management company, you can be sure your investment is going to be a good one.
Most people agree that real estate is one of the best investments you can make. If your investment portfolio isn’t well-diversified, you may be subject to market volatility. As the saying goes, “don’t put all your eggs in one basket.” This couldn’t be more true when it comes to investments.
If you are looking to diversify your portfolio with property, our REO services can help. We will be there through every step of the process, making sure your investment is worth it. We assign a dedicated agent to each property. They will oversee everything from start to finish, and are only an email or phone call away.
What Makes Brooklyn BPO the Best Choice?
Here is a short overview of what you get when you choose Brooklyn BPO for your REO services:
We manage the process from start to finish. You won’t need to cut and paste services from several companies. We will take care of everything. From premarket to closing, as well as vendor and property management, we are on your side.
Our service is the best-in-class, applied across many metrics. You can expect the shortest timelines for time to list and time to contract. We have the lowest eviction rates and highest percent closed on properties. You can also expect the highest net return to sale price and highest average sale to listing price.
Our Commitment to Your Success
Rapid response is the key to our success in REO services for Asset Management Companies. The market always experiences changes. We stay on top of those changes and make any necessary adjustments as soon as possible. This also applies to our clients. We will stay in constant communication, adapting to whatever your needs may be.
Our primary goal is helping you get the most out of your investment. We do this by helping you maximize your property values and boost asset returns. Letting us help also means saving you time and lowering your administrative costs. No matter how large or small your portfolio, our team is here to help you.
Learn more about how we can protect your properties with our services.