Sosa & Associates

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REO/BPO Services

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Our team at Sosa & Associates, Inc. has the network and resources to provide the following REO SERVICES:

Property Evaluation and Setup

  • Initial inspection of property (within 24 hours)
  • Securing and re-keying of property
  • Obtain detailed revised/updated interior/exterior BPO with pictures
  • Obtain itemized bids for clean-out, repairs and maintenance

Marketing

  • Prepare and submit marketing strategy and financial projections
  • Notify in-house and outside sales team of new listing
  • Establish a track and monitoring system
  • Eviction assistance
  • List property for sale on the local MLS which includes your listing on more than 10 other sites including Realtor.com and in 13 different languages.
  • Immediately implement our 90 step marketing plan which includes a toll free number for each listing with 24 hour access to your property information.
  • Review marketing strategy and pricing every 30 days

Reporting

  • Compile weekly or monthly status reports on all properties
  • Compile monthly and year-end summary reports on sold properties
  • Monthly expenditure reporting
  • Retain records for five years

Property Management

  • Supervise repairs and maintenance
  • Review monthly inspection reports
  • Select on-site property manager when applicable
  • Timely payment of property expenses-taxes, HOA, utilities, repairs, maintenance

Negotiation and Closing

  • Counter, reject or accept offers within approved limits
  • Calculate detailed net sheet for all offers
  • Coordinate closing process with local attorneys and selling agents
  • Ensure timely receipt of sale proceeds back to the REO Asset Manager
  • Submit detailed closed file
  • Our team is service oriented and dedicated to our customers.
 

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