REO Asset Management

 

Preservation and Disposition

 

Corporate Realty Services, LLC offers real estate lenders and investors a complete solution to REO management and disposition nationwide. Specializing in the liquidation of single and multi-family residences, land, and commercial properties, we can sell your properties faster and more efficiently. Our technology and proven management expertise enables us to decrease losses and reduce recovery time. We also offer a range evaluation products including broker price opinions, automated valuation models, appraisal management services, and property condition inspections.

 

 

What We Do
We are a full-service liquidation company that monitors the entire foreclosure processes, from the initial legal action through the sale of the property. We handle evictions, if necessary, contract the repair and maintenance, list the property, handle the closing, and deliver your check. Throughout the process, you save time and money.

How We Do It
Our approach offers you a number of unique advantages. Our full range of services are designed to reduce your cost and save you time throughout the disposition process from foreclosure through redemption and final sales, as well as the management of potential REO. Here is what sets Corporate Asset Management apart:

 

  • Information System Management

Our customized reporting system and database provides detailed REO statistics and information. And our "Potential REO" report will follow all new foreclosures and will track sale dates and redemptions.  With our regular reporting system you can track all foreclosures and monitor  accounts that have cured or paid off prior to completion of foreclosure.

  • Complete Property Security

Vacant properties are secured immediately and monitored throughout the foreclosure process to help prevent vandalism. We change locks and place warning signs in visible street windows with a 24-hour hotline number posted for immediate contact. We assist the sheriff and attorney when evictions are necessary.

We contract all maintenance and repair to an insured contractor and monitor all work to ensure its completion and quality. We contract winterization/de-winterization of properties, snow removal, yard maintenance, trash-out, lock-change, rehab, etc.

We work closely with your law firm or with established law firms nationwide that specialize in real estate law and foreclosures. We carefully monitor all legal aspects of the foreclosure process through the final sale.

  • Timely Information Reporting

We provide detailed monthly inspections and status reports. Our monthly reports include such information as the condition of the property, number of showings, a summary of offers to date, and Agents’ recommendations.

  • Representation of Your Interests

We provide active assistance and representation at all title company closings. Once the property has closed, we provide you a complete, detailed "Sold" file for your records and retain copies of your REO properties for a period of five years.

 

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