REO/Foreclosure Services

Since 1991 Realty Network, Inc., REALTORS has provided a single-source for REO (Real Estate Owned) management, sales, marketing and closing functions. Our REO division specializes in Bank owned REO properties in Maryland, Washington DC and Northern Virginia. Having Realty Network, Inc., REALTORS handle your property disposition needs you know that knowledgeable REO professionals are handling all of the details. Realty Network, Inc., REALTORS has extensive knowledge and experience working with some of the largest banks and asset management companies in the country and would like the chance to show you how we have raised the bar on REO sales & marketing expectations.

Realty Network, Inc., REALTORS provides comprehensive case-management technology deployable to clients via the internet. In addition, we offer state of the art target marketing, exposure and Multiple Listing Service to sell properties quickly. Our systems consistently produce outstanding results for our clients.

While the best technology allows for the most efficient management of the myriad of case details in the life cycle of an REO asset, there is no substitute for technical expertise and experience in the brokerage aspect of REO negotiation and liquidation. In that regard, Realty Network, Inc., REALTORS has unparalleled depth in its management team which, has managed the disposition of properties from Upper Bracket Luxury Homes to shell properties for the last fifteen years.

Working with Realty Network, Inc., REALTORS will ensure closing issues are addressed quickly and the closing and delivery of your proceeds is timely. Our average days on the market is 33 days with a sale price to list price ratio of 97.65%

The goal of Realty Network, Inc., REALTORS is to become a virtual extension of our client by pro-actively crafting a partnership focused on reducing loss severity while accelerating disposition velocity and limiting client liability.

We are prepared to assist you with your immediate servicing needs whether you have one or 100 properties.

We recognize the importance of providing our client’s quality service and superior performance levels at all times. For a demonstration of remarkable REO asset disposition services, please contact our REO department.

REOservices[at]realtynetwork.com

LISTING SERVICES

Initial Drive-by Inspection in less than 24 hours of request
Re-key & Secure (Install Lock Box)
Eviction Assistance / Cash for Keys
Repossession Assistance
Inform Lender of Occupancy or Status
Complete Broker’s Price Opinion
Arrange for trash removal
Initiate utilities
Arrange to Winterize Property (when needed)
Arrange for lawn care and cleaning
Suggest appropriate repairs or renovations
Obtain bids for repairs or renovations
Discuss potential marketing strategies/positioning with Lender
Arrange for inspection of property by Appraiser
Place in Regional MLS & Provide written verification
Post appropriate signage
Follow up all showings for buyer feedback
Monitor home for security, cleanliness & lawn care
Supervise repairs and advise when completed
Complete status reports as needed.
Updated BPO as requested
Handle all emergency repairs or situations
Keep Lender informed of property status.
Pre-qualify potential buyer’s ability to secure financing.

SALE & CLOSING SERVICES

Advise REO department of all offers
Send copy of signed contract to Lender
Arrange for and monitor loan processing
Inform Lender of appraisal requirements
Monitor all contingencies in agreement
Report any problems immediately
Advise REO department when closing is scheduled
Send HUD-1 via FAX or electronic transmission
Submit all final bills for payment