Once a property moves into REO status, it is crucial to protect the property and to make it resale ready as quickly as possible. Our goal is to empty the property, secure the property and maintain the property.
(1) Secure Property
The first step is securing the property. This involves changing locks, boarding up windows, closing pools, winterizing pipes and padlocking gates.
(2) Empty Property
The next step involves clearing the property of debris, trash and belongings. Debris is a hazard for fire, insects, rodents and mold. A full emptying of the property will be performed as well as a cleaning of the building to ensure nothing is left behind.
(3) Maintain Property
While the property awaits resale, it is important to make sure it is maintained. This involves lawn mowing, yard cleanups, snow removal and security check-ups.