REO Services
SingleSource offers a complete one-stop solution to your REO (real estate owned) asset management needs. From foreclosure sale through liquidation or at any point in-between – SingleSource understands that time is money. We will engage the best course of action on each real estate owned property to achieve the maximum proceeds-to-value for our client while mitigating the possibility of extended days on market.
SingleSource has internal Asset Management, Property Preservation, Inspection, Eviction Management, Title, and Valuation departments – all in the same location. This allows SingleSource to provide clients with efficient service and quickly adapt to impediments to the marketing and sales process.
Extensive experience managing a range of loan profiles: whole-owned, GSE, FHA, USDA, VA, private investors.
REO Services Include:
- Property assignment to SingleSource-qualified REO Agent
- Occupancy inspections
- Cash for keys
- Property recovery including eviction management
- Prompt securing / Debris removal
- Property valuations (BPO and appraisal)
- Property preservation (winterization, lawn maintenance, etc.)
- Property repairs (obtain bids, oversee execution)
- Implementation of marketing strategy
- Negotiation and sale of property
- Closing / Title services
- Monthly reporting
REO Asset Management Process - Post Acquisition
40,000 +
REO Properties Sold
9,000 +
Managed REO Portfolios in excess of 9,000 assets
18 + years
Average staff industry experience
REO Philosophy
- Maintain and Market Properties
- Maximize our Clients' Profit
- Minimize Risk
Special Teams
- Eviction / Redemption
- HOA / Taxes
- Violation
- VPR
LEARN MORE about how ouR team can work for you
Speak with a SingleSource team member to learn more about how our services are the right choice for you.
