What is an REO Property?

An REO Property is a Real Estate Owned property, basically home that is owned by a bank rather than an individual seller.  An REO is a property that goes back to the mortgage company after an unsuccessful foreclosure auction.  Since what is owed to the bank is almost always more than what the property is worth, very few foreclosure auctions result in a successful sale.  If the home does not sell at auction, then the property "reverts" to the bank.  It then becomes an REO, or "real estate owned" property.  REO homes tend to follow the traditional means of sale, just as any other individual would sell a home, with just a few exceptions.  The homes are listed on the MLS by a Real Estate Agent, potential buyers can apply for a home loan to purchase the property, and typically the homes are sold "As Is."  The buyer can (and should) have the property inspected, but the home is sold "As Is."  The inspection is performed only to educate the buyer on the condition of the home.   If you would additional information on how to purchase an REO property, or if you would like to receive REO Listings, please contact me.  

 

Asset Management Services

As an experienced REO Agent, I will work diligently to get your asset sold!   With over 15 years of Sales, Marketing, Customer Service, and Management Experience, I will provide you with the Results you are looking for.  You can be assured that your home/asset will be routinely checked and maintained as necessary.  I will market your REO home with an effective marketing plan.  From home staging, internet advertising, Broker's Opens, Open Houses, and agent networking, your asset will get the exposure necessary to get it SOLD quickly!   

 Services Offered:

  • Drive-By and Interior Broker Price Opinions
  • Pre-Foreclosure Inspection
  • Eviction Coordination and "Cash for Keys"
  • Rekeying Locks and Property Stabilization (i.e. board-ups, addressing safety concerns, etc)
  • Repair Bids from Reputable Contractors
  • Interior and Exterior Maintenance
  • Management of Utilities
  • Trash Removal
  • Yard Maintenance
  • Property Cleaning
  • Marketing Services (MLS Listing, Photography, Property Staging, Open Houses, etc).
  • Weekly Inspections and Comprehensive Monthly Reports

Put the Experience and Resources of Cristie Moore and RE/MAX Integrity to work for you!