In today’s housing market, many homes are falling into foreclosure. Banks are putting these properties on their balance sheets. 360 Property Solutions offers lenders an efficient solution to manage and liquidate these assets. Our REO services include evaluation, maintenance, preservation, and liquidation services.
360 Property Solutions provides property evaluation services in support of clients at various stages of the default management and REO liquidation process, including prior to the property becoming REO. Property evaluation services include:
- Occupancy checks
- Review, analyze and obtain BPO valuations to establish asset values
- Property inspections to determine property condition and repairs to made
REO Property Preservation
360 Property Solutions has high quality service providers to support your needs. 360 REO asset managers administer the maintenance and repair of our clients’ REO properties including obtaining approval on all repairs and budgets, obtaining bids, review and analysis of bids, selection of vendors and oversight of the property preservation tasks. Common services include:
- Securing the property and lock changes
- Property clean-out
- Basic property maintenance, lawn care and snow removal
- Environmental maintenance
360 Property Solutions continually monitors and provides oversight of our client-owned properties. In addition to supervising needed repairs and maintenance, we oversee timely payment of all property expenses and conduct monthly inspection reports to ensure the condition of the property is upheld to client guidelines and properties adhere to local and state regulations. We maintain accurate records and update our clients on the status of their properties.
REO Marketing, Sales and Liquidation
360 Property Solutions provides creative solution-oriented REO marketing, sales and liquidation strategies for our clients that yield superior turn times and maximum return of capital. Our goal is to generate cash recovery for our clients as quickly as possible.
We support a wide range of REO marketing programs, including traditional listings, short sales, auctions and bulk sales. We can manage every step of the sales process, including offer negotiations, closing coordination, disclosures and contract document packages for settlement. We also can provide complete administration of the closing process, including title curative and HUD reviews, and electronically submit detailed closing files to appropriate parties.
“Cash for Keys” Agent
360 Property Solutions can work with lenders and the property owners for the lenders to acquire their defaulted properties without going through the foreclosure process. The property is usually in better condition if this process can be achieved. In return, money and time are saved. We then begin our REO services all the way through to liquidation.
For more information, contact us today.