REO Detailed Services
Best Choice Real Estate Services, Inc.
(508) 580-3303
Contact Team Coordinator: REO@BestChoice.net
Order a Broker Price Opinion: BPO@BestChoice.net
List of REO Services
List of the typical steps our team executes when we service your REO Assets
Initial Steps to Evaluate and Secure REO Asset
These services provided on a fee basis based on services performed
- Drive-by Inspection of property within 24 hours
- Comprehensive BPO including interior and exterior photos
- Inform Lender of Occupancy/Status
- Provide eviction services if needed and collect rents.
- Initiate utilities
- Re-key, Board ups and Secure when necessary
- Arrange for Trash Removal, Yard Cleaning & complete interior cleaning
- Arrange for lawn care and cleaning
- Suggest appropriate repair or renovation
- Open bids for repair or renovation
- Discuss Potential hazards with lender
- 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 campaign
- Follow up all showings for buyer feedback with show notices
- Routinely monitor home for security, cleanliness, and maintenence
- 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 or advrse occupancy 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
- Advise REO department of all offers
- Send copy of signed contract to lender
- Regular monitoring of the loan processing
- Monitor all contingencies in agreement
- Report any problems with the transaction immediately
- Advise REO department when closing is scheduled
- Send closing statement by overnight mail to lender
- Submit all final bills to Lender
Contact Team Coordinator: REO@BestChoice.net Order a Broker Price Opinion: BPO@BestChoice.net 24/7 Emergency Contact Number 1 (800) 984-5336
