REO Property Management
"Our objective with managing REO properties is to reduce holding costs, enhance or preserve the property's market value, and ultimately sell it at the highest possible price for the lender."
Comprehensive Asset Protection and Resale Services
We take a comprehensive approach to every situation. Leveraging our local expertise, in-house construction team, quick turnaround times, and adaptability, we’re uniquely equipped to help you navigate and resolve even the most challenging circumstances
Our Goal Is Protecting You
At the heart of our mission is safeguarding the value of our clients' assets. To ensure this, we have established a clear and effective process. We also offer a free consultation to our clients before any involuntary transfer of property, helping to assess the best course of action tailored to their needs.
Steps
Evaluate
To start, we offer a detailed property valuation, providing our clients with an up-to-date pricing analysis. Our goal is to empower clients to make informed decisions on the most effective strategy for navigating the foreclosure process.
Secure
Once your asset has been taken back, our first action is to secure the asset. This may include changing locks, property cleanouts, boarding up windows, or removing any potential liabilities. We also conduct on-site inspections of each property at least once per week.
If the asset is still occupied by a tenant or previous owner, we will handle the eviction process, working with local attorneys specializing in evictions to ensure this process is carried out in the most timely and cost-efficient manner possible.
Increase/Preserve Value
Based on our in-depth knowledge of local markets and your property type, we will perform another valuation once we have full access to the property. This second evaluation aims to make recommendations on improvements that could increase the value of your asset. We will provide estimates on any work that could enhance value and update pricing guidance based on the expected return on investment.
Sale
As a licensed NJ Real Estate Broker, we can market your property to obtain the best price for your asset. Our mission during the sale process is to maximize exposure for your property to procure a buyer who will close at the highest price in the shortest amount of time.