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Step 1: Property Evaluation and Setup
  • Secure, inspect and winterize property
  • Evaluate property condition
  • Provide detailed market analysis with photos
  • Obtain bids for property clean-out, repair and maintenance
  • Evaluate environmental and compliance issues
Step 2: Marketing
  • Establish marketing strategy with financial projections
  • Provide qualified, experienced REO broker
  • Establish tracking/monitoring system
  • Review strategy and pricing every 30 days
Step 3: Reporting
  • Provide monthly status reports on all properties 
  • Provide monthly and year-end summary reports on sold properties
  • Monthly expenditure reporting
  • Retain records for five years
Step 4: Property Management
  • Supervise repairs and maintenance
  • Monthly inspection reports
  • Select on-site property manager when applicable
  • Timely Payment of property expenses (optional)
Step 5: Negotiation and Closing
  • Counter, reject or accept offers within approved limits
  • Provide detailed net sheet with all offers
  • Coordinate closing process
  • Ensure timely receipt of sale proceeds
  • Ensure finalization of all services 
  • Submit detailed closed file



 
     
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