All Your REO's Sold, Every Single Time!
We bring the buyer for 1 out of every 3 REO listings sold.To get my resume along with current market trends for the Colorado Springs and surrounding areas sent directly to your email, please fill out the form!

Market trends report will include current Available, Under Contract/Pending, and sold REO inventory for last 90 days, price trends per neighborhood, average DOM for REO inventory, average DOM for our REO listings! 

 

1. REO Services Overview:
 
Experienced, professional and REO/BPO Certified, my team and I are ready to handle any and all aspects of your BPO and REO needs, including:

     
    ·Complete REO/Asset Management Services

·BPO’s within 72 hours

·Re-keys in 24 hours

·Utility services and maintenance arranged in 24 hours

·Renovation, repair & estimates

·Appraisal provisioning

·Property preservation

·REO Marketing with average sale price of 98% of appraised value

·Pre-foreclosure management

·Property management

·Eviction assistance

·“Cash for Keys"  or "Relocation Assistance Program"

We also pride ourselves in providing:

·We cover: Colorado Springs, Monument, Palmer Lake, Teller County, Calhan, Peyton, Fountain, Pueblo, Peublo West

·Hundreds of BPO’s per month

·Fast turnarounds

·Accurate and timely reporting

·Finance and marketing background

·Fully computerized, incorporating up-to-date response and reporting technologies

·Fully digital photo, graphic and scanning capabilities

·Advanced marketing programs and technologies

·Advanced Internet experience

·Access to the major front-range MLS systems

·Top-quality service!

Our overriding goal is to assist lenders and asset managers with capital preservation, loss mitigation and the disposition of non-performing assets throughout the Colorado Springs and Surrounding Areas. Put our marketing, management and REO experience to work for you....you’ll be glad you did!


2. REO Sales and Marketing Procedures:
 

Upon receiving an assignment, the following protocols are initiated:

      ·          Occupancy status determined (guaranteed under 24 hours)

·          Eviction initiated (if required)

·          Cash for Keys/ Relocation Assistance Program initiated

·          Property secured & rekeyed

·          Contractor bids ordered

·          BPO completed

·          Property immediately placed in MLS upon listing

·          Ongoing supervision of property repairs and maintenance

·          Property inspections performed no less than once per week!

·          Advertising program initiated (i.e. signage, flyers, media, magazines, open houses, etc.)

·          Oversight of all contract negotiations and preparation of documents

·          All buyers qualified

·          Direct Escrow and Title opening

·          Complete follow up to, and through, closing

 Upon recieving a new asset we immediately escrow $500 (excluding CFK, RAP) Repairs and Maintenence.

3. REO Experience:

Our team has performed 000’s of BPO's and listed and sold hundreds of REO properties for companies such as:

Fannie Mae, Freddie Mac, Bank Of America, Citi, Chase, HSBC, Ocwen Financial LLC, Old Republic, National Default Servicing, CoreLogic 

4. Property Renovation:

 

The vast majority of REO properties will typically benefit from repairs. Typical transactions are FHA, VA or Conventionally financed with 10% down, or less. To maximize return on sale, repairs are often recommended.
 

We maintain a database of contractors that are capable of minor repairs to complete home renovation.

 
Based on client criteria, bids are ordered for each property. Once repairs are authorized all work is supervised to insure contractural requirements.

 
All repairs are photo documented and all repair completion documents are forwarded to the client for payment.

 

We will advance capital to provide for minor repairs and utilities up to $500 per property, to be reimbursed monthly.

 

Long term relationships with contractors insure that repairs and renovations will be completed in the shortest timeframe possible.

 

5. BPO and Valuation Services: 
 

All information is obtained through public records, multiple listing services and personal inspection of the property.

 

Interior inspections include: Contact with occupants, verification of occupancy, interior/exterior photos taken and itemization of any needed repairs.

 

Exterior inspections include: Exterior photos per client specification and itemization of any needed repairs.

 

Special situations handled on a case by case basis.


6.  Coverage Areas-Colorado:

COLORADO SERVICE AREAS

Office Locations: Colorado Springs, Monument, East Colorado Springs

Counties serviced: El Paso, Teller, South Douglas County

Primary Service Area by City/Zip (ASCII, MS Xcel & Word versions, sorted to your preference, are available upon request):