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| Specialized Services for REO Sellers and Asset Management Companies |
For over 15 years, I have applied my unique administrative skills and in-depth market knowledge to the challenging world of "Bank Owned Real Estate". This includes helping lenders and asset management companies assess the colateral values of defaulting real estate loans by providing quality BPOs (Broker Price Opinions), as well as contracting as a listing agent for corporate client REO (real estate owned)
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BPO Services
Each month I complete approximately 40 BPO's (Broker Price Opinions) for corporate clients and asset management companies. BPO's are requested to assess the value of the real estate attached to a defaulting loan, in secondary or homequity loan applications, and to back up appraisals or other BPOs for properties post-foreclosure.
On-line opinions are generally delivered within 48 hours of order; some of my clients require interior inspections, property condition statements, general repair-needs estimates, and may include PDF attachments and digital photos. License, E&O and W9 are provided on request.
I am an approved vendor for LPS-LSI Market Intelligence, Goodman Dean, Residential Real Estate Review, Asset Valuation Management, Clear Capital, Safeguard, Intregrated Asset Services and others.
The coverage area I can service includes these zip codes:
01701,01702,01760,01776,01778,01749,01752,01581,01543,02053,01746,01757,01748,01721,01772
Asset managers and corporate vendors should contact me directly for fee schedule.
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REO Listing Agent Services
In the 1990s I was a contracted listing agent for the FDIC, FNMA, Freddie Mac and a half dozen or so local banks during the real estate crisis that lasted several years.
In 2008 I decided to again take on the challenge of marketing bank-owned real estate. Duties vary from client to client as dictated by the client, but can include preservation services and CFK negotations in addition to traditional services.
Unlike many REO listing agents whose entire real estate sales production is predominantly REO, bank-owned property listings account for approximately 25% of my annual sales. This cross-over experience serves both the private and corporate seller well; my never-ending valuation of local real estate gives my private sellers a quick and expert market analysis while my corporate clients benefit from tailored and creative marketing programs not utilized by most REO listing agents.
Recent REO listings:
82 Cochituate RoadFramingham, MA 01701 listed at $134,900; sold at $134,900 on 12/10/2012
13 Pine Street
Natick, MA 01760 listed at $199,900; sale pending
Main Street, Milford, MA 01757
current list price $99,900
14 Webster STreet
Framingham, MA 01702
Listed at $199,900; Sale pending 08/06/2010 on market 1 day
24 Douglas Road
Ashland, MA 01721
Listed at $207,450; Sold at $210,000 10/19/2009 on market 10 days
100 Grant Street
Framingham, MA 01701
Listed at $133,300; Sold at $138,000 09/18/2009 on market 53 days
48 Aberdeen Rd
Framingham, MA 01702
Listed at $199,900 Sold at $200,000 1/16/2009 on Market 19 days
203 Ridge Street
Millis, MA 02054
Listed at $259,900 Sold at $263,000 8/6/2008 on Market 35 days
110 Boston Post Road U:108
Marlborough, MA 01752
Listed and sold at $69,750 5/7/2009 on Market 5 days
24 Tecumseh Trail
Marlborough, MA 01752
Listed and sold at $209,900 on Market 1 day
190 Chestnut Street
Marlborough, MA 01752
Listed at $269,900 Sold at $255,000 6/20/2008 on Market 14 days
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