Preparing the Property

Gaining possession and properly preparing the property for sale is the first important step in the REO process. Our approach to property posession is a systematic series of activities that ensure that the asset is completely ready for listing. During each step of the process, you are never in the dark, we are in constant communication with you until the asset is sold and closed.

• Occupancy verifications are completed within 24 hours. Upon verification of vacancy, rekeying is done immediately as to properly secure the home. An inspection of the property is done as completely as possible based on the occupancy status.
• A coded lock box as well as a GE electronic multiple listing lock box both are installed for access to the property. The use of both lock boxes make the house accessible to both contractors as well as real estate professionals wishing to show the property.
• If the property is occupied, contact is made with the occupant and move-out arrangements are negotiated. These negotiations may include cash for keys or moving arrangements. In all negotiations, care is taken to ensure that the home is left in good condition.
• If it is necessary to evict occupants of the premesis, our team works with legal resources to expedite the process and obtain possession of the property.
• Property management activities encompass everything needed to bring the property up to a level of safety, cleanliness and appearance that is appealing to potential buyers. This includes interior and exterior maintenance, utility turn-on, trash-out, repairs or rehab if necessary.