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.