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 Friendship Properties > REO Management



Liquidate Assets. Limit Loses. Maximize Profits.

All Asset Services Tracked via Our Own REO Online Management System.

"Let us be your 'eyes and ears' on the ground." - Friendship Properties



Our Services Include, but are not limited to ..

Full Service REO Asset Management:

    INCLUDES:

Inspections

Exterior BPO

Evictions

Interior BPO

Maintenance

Winterization

Lock-Changes / Security

Clean-out

Sales and Marketing

Inspections:

    AVG. TURN-AROUND TIME: 24 hrs

    INCLUDES:

preForeclosure Inpsection

Weekly Property Inspection with Reports
 

Property Condition Report

Exterior BPO:

    AVG. TURN-AROUND TIME: 2 Days (24-hour rush available)

    INCLUDES:

Subject Property Facts

  · Address
  · Style
  · Year Built
  · Number of Units
  · Number of Bedrooms
  · Number of Bathrooms
  · Number of Garages
  · Occupancy
  · Taxes
  · Satalite Map (Birdseye)

High Quality Images

  · Street View
  · House Number (to confirm property location)
  · Exterior (x2) (Front, front/angle)
 

Complete Comparative Market Anallysis (CMA)

  · Comparable Sold / Sales (x3)
    - DOM, Asking Price, SqFt, Beds/Baths, Garages, Condition, Comparisons
    - Photos:
Exterior, Kitchen (if avail), Bathroom (if avail)
    - Requirements: SqFt with-in 200sqft,Year with-in 20yrs, locations with-in 1 mile


  · Comparable Active Listings (x3)
    - Data: DOM, Sale Price, Asking Price, SqFt, Bed/Baths, Garages, Condition, Comparison
    - Photos:
Exterior, Kitchen (if avail), Bathroom (if avail)
    - Requirements:
SqFt with-in 200sqft,Year with-in 20yrs, locations with-in 1 mile

  · Area Market Trends / Competition
    - Number of Competing Listings in Immediate Area
    - Numbe of Sales in Immediate Area (Last 6 months)

    - Map of Recently Sold and Active Comparables with color markers


  · Price Opinion
      - 'As Is' Values (as is, low, high, repaired)

Evictions:

    AVG. TURN-AROUND TIME: 24-hrs (upto 6 months for actual CT Eviction)

    INCLUDES:

Occupancy Checks / Verifications

  · 24-hr turn around

Eviction Tracking System

Eviction Reports (Weekly)

Cash For Keys

  · A faster alternative to a lengthly Eviction
  · Often leaves the property in better condition
 

Sherriff Eviction / Lock-out

Interior BPO:

Avg. Turn-Around Time: 4 Days (24-hour rush available)

Includes:

Subject Property Facts

  · Address
  · Style
  · Year Built
  · Number of Units
  · Number of Bedrooms
  · Number of Bathrooms
  · Number of Garages
  · Occupancy
  · Taxes
  · Satalite Map (Birdseye)

High Quality Images

  · Street View
  · House Number (to confirm property location)
  · Exterior (Front, sides, rear)
  · Interior (All rooms)
  · Basement
  · Utilities (furnace, water heater, electrical box)
  · Repair locations

Complete Comparative Market Anallysis (CMA)

  · Comparable Sold / Sales (x3)
    - DOM, Asking Price, SqFt, Beds/Baths, Garages, Condition, Comparisons
    - Photos:
Exterior, Kitchen (if avail), Bathroom (if avail)
    - Requirements: SqFt with-in 200sqft,Year with-in 20yrs, locations with-in 1 mile


  · Comparable Active Listings (x3)
    - Data: DOM, Sale Price, Asking Price, SqFt, Bed/Baths, Garages, Condition, Comparison
    - Photos:
Exterior, Kitchen (if avail), Bathroom (if avail)
    - Requirements:
SqFt with-in 200sqft,Year with-in 20yrs, locations with-in 1 mile

  · Area Market Trends / Competition
    - Number of Competing Listings in Immediate Area
    - Numbe of Sales in Immediate Area (Last 6 months)

    - Map of Recently Sold and Active Comparables with color markers


  · Price Opinion
    - Repair estimates
    - 'As Is' Values (as is, low, high, repaired)

Maintenance:

Avg. Turn-Around Time: 48-hrs

Includes:

Mow Property Lawn

Plow Property

Pool Maintenace

Winterization:

    AVG. TURN-AROUND TIME: 24-hours

    INCLUDES:

Licensed Plumber to Winterize All Plumbing / Heating

  · Drain hot water heater
  · Empty toilets
  · Open all shut-off valves
  · Turn on all faucets
  · Remove water meter
  · Post 'Warning: Winterized' notices

Lock-Changes & Security:

    AVG. TURN-AROUND TIME: 24-hours

    INCLUDES:

Change All Exterior Locks

  · Replace all exterior door knobs with new locks.
  · Place lock-box on rear door (upon request)
  · Special knobs that are unabled to be replaced get latch and bolt lock
  · Basement doors chained with boltlock

Lock All Windows

  · All windows locked from the interior
  · Broken windows replaced or boarded.
  · All windows boarded in High Crime locations. (additional cost)

Proof of Work

  · Before and After photos for all work performed with Completion Certificate
  · Contractor Invoice and copy of check provided for reimbursement
  · All windows boarded in High Crime locations. (additional cost)

Clean-Out:

    AVG. TURN-AROUND TIME: 24-60 hours

    INCLUDES:

Removal and Disposal of all Personal Items

  · Before and After photos for clean out
  · Reusable items will be donated
  · Useless items will be braught to the junk yard
  · Dumpsters available if required

Sales and Marketing:

    AVG. TURN-AROUND TIME: 24-hours

    INCLUDES:

Multiple Listing Service Listings

  · Connecticut State Wide MLS Listing (with-in 24-hrs)
    - Minimum 15 photos (No matter condition)
    - All known property facts listed, verified and accurate
    - A Quality property description that sells!
    - 'As Is', 'Proof of Funds Required', 'Addendums Required' notices included.

  · Consolidated MLS Listing (with-in 24-hrs)
    - Minimum 15 photos (No matter condition)
    - All known property facts listed, verified and accurate
    - A Quality property description that sells!
    - 'As Is', 'Proof of Funds Required', 'Addendums Required' notices included.

Extensive Online Marketing

  · Backpage (www.backpage.com)
  · CraigsList (www.craigslist.com)
  · Google Base (www.google.com/base)
  · Realtor.com Showcase (www.realtor.com)
  · Trulia (www.trulia.com)
  · YouTube (www.youtube.com)
  · Zillow (www.zillow.com)
  · .. and many more!

Additional Services

  · Professional Price Opinion
  · Recommended Repairs
  · Target Buyer-type identification
  · Marketing Strategy
  · Online showing statistics
  · Online Buyer feedback
  · Strong Offer Negotiation
  · Orcestrate showings, inspections and appraisals
  · Overseeing all contingentcy commitments are met promptly
  · Orcestrate closing and contingentcy commitments
  · .. and much more!

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