5 Keys to A Successful REO Purchase REO- REAL ESTATE OWNED PROPERTIES

TwinCitiesREO.com will get you the best possible price with the least amount of cost in the shortest amount of time.  This is accomplished through a thorough analysis of all factors that combine the REO process. Upon receipt of an assignment in any format- email, fax, telephone, etc. the asset falls into a Excel/ Quick Books Pro format with a non stop check-off procedure starting with: 1.) Property tax and prior listing information 2.) Occupancy check 3.) Drive By BPO 4.) Property maintenance during the redemption period (six months) 5.) Attorney contact if required 6.) Cash for keys When dictated this is subsequently followed up with: 1.) Re key 2.) Conversion of utilities 3.) Trash out 4.) Interior BPO 5.) Repair(s) when required (by licensed contractors) 6.) Marketing 7.) Sale Our preferred method of communication is email or your database site. Any forms or format will be loaded into our database and communication will be accomplished via this expedient and timely composition. In this process all functional correspondence is accomplished electronically. This means that any data, including matted photographs, will be forwarded to you via the internet. Telephone communication unless your initiation will be minimal. OUR COMMITMENT TO YOU 1.) The best possible price at the lowest possible cost in the shortest amount of time 2.) Absolute expediency in all phases of the REO process 3.) Instant status for any and all assets 4.) Competitive bidding for any requested repairs by licensed contractors 5.) Sound fiscal ‘either/or” repair recommendations 6.) Compliance with Minnesota foreclosure statutes 7.) Co-ordinate all functional responsibilities, including but not limited to Appraisers, Attorneys, Title Companies, Lenders, etc. YOUR COMMITMENT TO US 1.) Understand that you are under no obligation to pay a real estate commission for any property we do not close. 2.) Understand that when “we have the ball” we REALLY have the ball 3.) Understand that if you require direct communication, our lines are open. If not immediately, you will speak to a human being within one hour after your call. 4.) Provide all required documentation in a timely fashion in order to complete our commitment to you.

OUR SERVICES INCLUDE:

BPOs within 48 hours	Prepare net sheets, and discuss with clients
Yard maintenance and snow removal as needed	Services clean up:  re-keying / lock changing, winterizing, bids on repairs and contracting, and utilities/billing
Inspect the properties	Take pictures, digital email, and internet services
Full MLS listing	Monthly status reports, as needed, can be provided
Title and closing set up	Contacts for legal and title closing, truth and housing issues, code compliance
Evictions, leases, and workouts, Occupancy status checks	Negotiation of "cash for keys" if needed