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No lender wants to end up owning a property. After all, you’re not in the business of managing people and repairs. You’re in the business of helping people buy. When you get left with a foreclosure or abandoned property, you often wonder what the next step is. You...
So you’re a lender — bank, credit union or mortgage company — who has just been saddled with a foreclosure, abandoned or other property, and now you don’t know what to do. Of course, you don’t want to keep it. You’re in the business of lending money so people can buy...
Sure, we’re currently at the height of summer, and winterizing your REO property is probably the last thing on your mind. Before you know it, however, the temperatures will be dropping. If you’re not ready to go, your properties can suffer damage that will cost...
When you have an REO property on the books, you want to get it repaired, restored and updated as fast as possible so you can get it sold at a profit. Of course, since lenders don’t generally keep carpenters, electricians, and other contractors on staff, getting that...
One of the biggest issues faced by REO property holders in Aberdeen, Frederick and Hagerstown is debris and hazards. Many foreclosure properties have suffered untold damage, either from neglect or the deliberate acts of those who used to own the property. This can...
Getting an REO property sold can be a challenge. The goal is to get it off the books of the lender that owns it quickly, as no bank wants to be in the business of property ownership or management. Unfortunately, many of these homes were foreclosure properties, which...
Building codes can seem onerous when all you want to do is get your Baltimore, Philadelphia or Washington, D.C., REO property off the market and into the hands of a buyer. However, it’s vital that you understand and respect these requirements, as they are a legal...
For most lenders who come into possession of real-estate-owned properties, their first and immediate goal is almost always to sell said properties fast. If you’re one of these property owners, obviously you want to get as much for the property as possible, while also...
When a bank ends up with an REO property on the books, their first concern is almost always to get it turned around and sold. Most banks and lenders are more than willing to work with property owners to avoid foreclosure and ownership of a property. This is because...
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- How to restructure your thinking to help you sell more REO properties with less effort
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- Secret strategies top REO brokers earning 6-figures use to sell more properties more quickly and for more money
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Handle repairs, renovations, evictions, compliance and violation abatement within tenant-occupied REO properties worry-free. We take time-intensive tasks off your hands to help you focus on selling.
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