REO Disposition

REO Services

• Inspections - Routine inspections are completed to gain understanding and to start strategy on property preservation and eviction related services on occupied properties.
• Redemption Management - Management of occupancy checks every 10 days, requests for Affidavit of Abandonment, monitoring attorney processes, required preservation management (rekey/winterization) and invoicing.
• Eviction Services - We partner to with the best in practice law firms in the country to ensure proper eviction timelines and control costs. During the eviction process we work with borrowers on Cash for Keys to shorten timelines.
• Property Preservation - We ensure proper preservation of the property by rekeying doors, completing trash-outs, monitoring health and safety items, contracting for routine lawn and pool care, winterization, and other rehab related items.
• BPO Valuations - Our Exterior and Interior BPO report format provides complete subject information, extensive comparable listing and sold property data, and neighborhood statistics and market trends. Easy to read and full of useful, comprehensive information, each BPO is audited and edited carefully by Certified Appraisers.
• Appraisal Valuations - We provide Full, Exterior and FHA Appraisals. Each appraisal is audited by our in-house staff of Certified Appraisers and our appraisal team promptly processes any concerns or questions you may have upon receipt of ordered appraisals.
• Reconciled Market Values - A staff of certified appraisers offers a full array of review processes to assist in determining a viable Reconciled Value and conduct in-depth Desk Top Reviews as well as Historical Forensic Reviews, utilizing cutting edge technology, data capture, and vast experience.
• Property Management - Verification of bona fide lease agreement, monitoring of rents, management of required preservation, referral to evictions upon qualified event, and invoicing.
• Vacant Building Registration - Verify registration requirements in city/county. Register per guidelines and provide documentation to client.
• Title Management - The USRES Title group orders a preliminary title report on each REO at time of referral in order to cure any open issues on title in advance of going under contract. The title team works diligently to ensure timely curative efforts for expeditious closings to meet both the buyers' and sellers' expectations.
• Offer Negotiation - Our team of asset managers fully review the file, the offer details, the cost analysis and the client guidelines to offer the client a recommendation for the best course of action per property.
• Contract Processing - Our contract processing group manages the process of validating, confirming, collating, and executing the required state and REO addendums in order to proceed to sale.
• Closing Services - We have an extensive database of closing and title offices with which we work to ensure timely and quality closings. Our team is continually reaching out to all parties to meet deadlines and offer quality solutions to any issues brought up at, or prior to, the closing table.

A La Carte REO Services

• Basic HOA - Initial research of all HOA entities, HOA payee information, standard payments schedule and delinquent amounts owed.
• HOA Management - Basic HOA package plus maintain regular payments until file closes.
• Eviction Management - Using the existing agent with platform login - Verification of occupancy, management of occupancy checks every 10 days, Cash for Keys negotiations, monitoring attorney processes, personal property evictions, postings and auctions, and invoicing.
• Basic Tax - Initial research of all Tax entities, payee information, standard payments schedule and delinquent amounts owed.
• Tax Management - Basic Tax package plus maintain regular payments until file closes.