Million Real Estate, Inc’s REO Department is a leader in the industry. As a full service asset management company, we manage and market foreclosed properties on behalf of banks and mortgage companies throughout the country, including property, eviction and closing management services.
Your properties will be handled with efficiency and expertise by our highly qualified team of professional REO agents. We represent many of the largest lending institutions in the United States in the management and marketing of their assets.
Our full REO management services, include the following:
Occupancy check
Securing of property
install locks on ALL windows, sliders and gates
Re-keying to desired lock code
Install REALTOR electronic lockbox
Install lockbox with desired combination
Complete interior BPO with a minimum of 20 photos
Obtain bids from knowledgeable, competent and trustworthy contractors
trash out
vacancy cleaning
initial and periodic landscaping
required repairs
Expense management billed monthly or upon close of escrow
Transferring and turn-on of utilities
Initiation of cash-for-keys (CFK) or eviction
Advertise property on the MLS
Revised marketing plan submission 30, 60 and 90 days after initial listing
Open title and management of curative title issues
Negotiation of contracts with prior variance to be set by client
