REO Service List

 

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.

Affiliations

Real Estate Assistant Society Professional Members

NAR Certified REPA
 DocuSign

Real Estae Assistant Social Networking Group
 
Real Estate Professional Social Networking
 
Training Center for Unlicensed Real Estate Assistants