REO Services

Northstone Real Estate, Inc. fully understands the importance of maximizing value in the shortest time possible.  Please find below a partial list of our real estate brokerage services we perform on each Bank Owned property(REO) assigned property:

REO Residential Sales

  • Perform initial occupancy checks
  • Provide accurate and timely Drive-by Broker Price Opinions
  • Provide an Interior Broker Price Opinion and develop comprehensive marketing plans unique to each property
  • Negotiate Cash-for-Keys and assist with processing evictions
  • Re-key, winterization, trash-outs and board-ups
  • Utility activation and property maintenance services including lawn care and snow removal
  • Track all expenses, obtain bids for repair, supervise repairs and renovations and pay vendors
  • Obtain any required local inspections and appear at any required local hearings concerning the status of the property
  • Provide monthly status reports and marketing strategy updates
  • Market / Advertise the property in various strategic print and internet locations
  • Review and summarize all offers to purchase, verify purchaser qualifications before promptly submitting the offer
  • Facilitate the negotiation process
  • Continue to monitor all aspects of the closing process (title, financing, inspections) during the escrow period to ensure timely closings
  • Attend and facilitate the closing process as required by local practices
  • Ensure delivery of closing proceeds to our clients, terminate all utility services and submit all final invoices in a timely manner

REO Loss Mitigation / Preservation

  • Short Sales
  • Cash for Keys
  • Deed-in-lieu negotiation
  • Eviction Coordination
  • Relocation Assistance

Retail Home Sales / Relocation

  • CMA
  • Open Houses
  • Weekly status reports on showings and buyer feedback
  • Offer and contract review as well as all standard services offered as noted above
 

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