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Property Pre-Listing/ Preservation
- Order Pictures
- Order all pre-inspections (if applicable)
- Request and submit bids to Asset Managers
- Schedule property repairs
- Order winterizations
- Turn on and off utilities for inspections
- Order detrash and sales clean with before and after pictures
- Schedule all lawn services and maintenance
- Schedule snow removal services (if applicable)
- Monitor each vendor timeline and audit all vendor invoices prior to submission
- Complete and submit all REO expense forms online and offline for reimbursement
- Track all Accounts Payable items (if applicable) using QuickBooks
- Monitor accounts receivables and make follow-up calls
- Convert all files to PDF and store within the online transaction file
Property Marketing and Monthly Marketing Reports
- Create marketing materials for all properties
- Add all properties to online property marketing media
- Schedule and manage all REO property showings and follow-ups
- Setup pre-auction house-sitting/open house activities
- Collect and report all showing feedback
- Complete and submit Monthly Marketing Reports and Sales Condition Reports
REO Transaction Management Services - Get Started!
- Prepare Broker Transaction File
- Obtain and review all Offers to Purchase received
- Complete and Submit Offer to Purchase Worksheet
- Obtain Highest and Best
- Distribute and collect all bank required forms and addendums
- Order POS from the City (if applicable)
- Ensure that all forms and documents are signed
- Change listing status on the MLS
- Follow-up with the Lender and Title Company
- Follow-up on all contingencies and contingency removals
- Collect required documents from and for the bank
- Communicate with all agents, title, and the Bank/REO Company during the closing transaction process
- Obtain coy of the Loan Commitment Letter
- Order HUD-1/Closing Statement
- Submit final Broker package to the office (if required)
- Support all transaction activities using Point2Close, SettlementRoom, SureClose, RELAY, or Transaction Point
You are NOT limited to the process we have listed above. You can easily add-on and/or remove service items that are not applicable to your needs. Contact us for more details.
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