SoCalREO logo Alice McHugh Chris Qua

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REO | FORECLOSURE | SHORT SALE SPECIALISTS  
Alice McHugh
310.370.0266 | Email
Chris Qua
323.517.7200 | Email
 

SoCalREO is a woman and minority-owned full-service real estate firm; specializing in managing, marketing and selling REO & distressed properties in Los Angeles County for banks, outsourcers, investors and distressed homeowners

Experience

  • 12 years in residential real estate (including multi-family and condominiums)
  • 5 years experience in REO and distressed property management & sales

Affiliations

  • National REO Brokers Association (NRBA)
  • PartnerFirst Nationwide Short Sale Network
  • Certified Distressed Property Expert (CDPE)
  • The National Association of Hispanic Real Estate Professionals (NAHREP)
  • Asian Real Estate Association of America (AREAA)
  • National & California Association of Realtors (NAR, CAR)
  • Beverly Hills-Greater LA Board of Realtors (BHGLAAR)
  • The Combined Los Angeles/Westside Multiple Listing Service (MLS/CLAW)

Clients/Platforms

  • PASREO (Wells Fargo), ServiceLink (Assetlink), Aurora Loan Services, MD Webb, Goodman Dean, National Default Services, Keystone, Green River Capital, Brighton REO, CoreLogic, Citi- Residential, Integrated Asset Services, Kondaur Capital Corporation, PennyMac, Old Republic Default Management Services, Bank of America/Landsafe, REOTrans/Equator, Res.net, Disposolutions

Performance

  • Average days on market: 33
  • Average days to close: 55
  • Average Sales Price to List Price : 96.5% ( 82% owner-occupants; 18% investor)
  • CFK/FRA Negotiations: 89% success rate
  • Annual property assignments: 80-100

Valuations and Marketing Reports

  • BPO's- 24-72 hr turnaround
  • MMR's-Detailed monthly market analysis
  • Weekly activity reports

Property/Occupant Management

  • Occupancy checks within 12 hours
  • Weekly inspections with time-stamped photos
  • 89% CFK success rate
  • Evictions - Experienced & well-prepared for court appearances
  • Bi-weekly yard maintenance

Distinctive Marketing of Properties

  • Property posted on over 30 major websites like Trulia, Redfin, etc.
  • Social Media: Facebook, Twitter, Linkedin
  • Craigslist ads
  • Emails to buyer list
  • Open houses
  • Professional flyers
  • Flyer boxes (Full!)
  • Multi-lingual Buyer Team

Negotiations/Closing

  • Termite, retrofit & NHD reports ordered at vacancy for a stronger negotiating position
  • Demonstrated success in negotiations
  • Professional Transaction Coordinator
  • Thorough communications, all parties updated weekly

REO Management Software

  • REO Maestro ensures comprehensive tracking of all client requirements, properties, valuations, photos, reports, vendors, tasks, expenses and closing.

 


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