BayREOHomes provides extremely reliable REO Asset Management solutions to lenders in California. Being the REO specialization arm of EstateMind Realty, we have years of experience by our side when we deal with various aspects of real estate and mortgage loans. We are known for our professionalism, quality and trust-worthiness. Our REO Asset Management process provides two unique benefits to lenders:

1) We work as closely as an internal team while being much more cost effective

2) We allow the lender to concentrate on the core financial operations while we efficiently manage the REO portfolio

We employ the latest technology along with a state of the art provisioning system - this helps in keeping the management and maintenance costs associated with REO property much lower.

We offer the following services to lenders and financial institutions:

• Full Service Liquidation whereby we market & maintain/manage the REO property and help in selling it
• Property Inspections and Broker Price Opinion
• Listing Services; Marketing and Sales Services
• Repair and Maintenance
• Bill Payment Services
• Property Preservation & Monitoring

The REO Asset Management process for REO commercial properties and homes is as follows:

Inspection and Evaluation - An important property pre listing step. Herein, the property is inspected and its condition is evaluated. Valuation is carried out using a full appraisal or Broker Price Opinion (BPO) . A detailed Market Analysis is prepared. Quotes are obtained for repair and maintenance. Also, environmental and compliance issues need to be checked for and addressed.

Listing, Marketing and Sales - We enable banks/lenders to list the REO commercial properties and homes for sale (MLS). In addition to listing services, we provide sales and marketing support. Marketing strategy is decided and the task is assigned to some of the most skilled and experienced REO agents .

Monitoring and Reporting - The strategy is evaluated periodically. The lender/financial institution is provided with detailed activity and progress reports.Monthly & year end detailed and summary reports are provided to the client with complete ownership and accountability. We have a track record that is unmatched by any of the REO property agents in California .

Property Maintenance and Management - Imminent repairs and maintenance issues are detected and handled by our experts. Monthly inspections are carried out with client reporting. We can also provide an on-site property manager if the client deems it necessary. Timely payment of all property expenses and bills is also handled.

Facilitation of Property Sale - We provide support in reviewing and accepting/rejecting offers within limits assigned to us by our clients. We facilitate the sale of the property and the closing procedures.

If you are looking for end-to-end solutions for REO Asset Management in California, contact us today!