REO

Loss Mitigation | Banks/Lenders

LOS ANGLES, ORANGE, SAN BERNADINO VENTURA AND RIVERSIDE COUNTIES

Modern Realty aims to maximize recovery for its lenders by selling properties at top dollar. In comparison to agents and brokers that occasionally do REO Services, Modern Realty’s high-volume transactions have improved our efficiency rate, ensuring our bank clients a 50% higher closing rate.

Our expert eviction & tenant relations team makes loss mitigation effortless for banks to process. We translate legal issues into actionable strategies, streamline the complex eviction, tenant coordination, city compliance and the REO sale.

PRE-FORECLOSURE ACTIVITIES

• Broker Price Opinions – Exterior and Interior
• Property condition inspections
• Pre-foreclosure Interviews
• Pre-foreclosure sale workouts
• Preservation and Securing

OCCUPANCY STATUS REPORT/INTERVIEW

• Determine if occupants plan to vacate and by which date.
• Provide Client with correct names of all occupants and their living arrangements.

DISPOSITION SERVICES

• Analyze and determine ideal exit strategies
• Guide clients through the property disposition process