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
• Closing management and coordination