REO Standard Service

Property Details: Client contacts and submits property details and work request with any special details relating to subject property.

Securing Property: The property is checked for occupancy. If the property is vacant it is re-keyed and secured. A lockbox is placed on the property. If property is occupied an attempt to contact is immediately done if no response a notice shall be posted requesting occupants contact my office as soon as possible and identify all current occupants. Cash for keys is normally offered to them. If this is unsuccessful we will proceed with eviction.

Property Checked for Liabilities: If there are any safety concerns an itemized list will be prepared and sent to you. I will immediately attend to the items.

Utilities Turned On: I normally will have utilities turned on in my name. Invoices will be sent as bills come in or per your company procedures.

Checking For Repairs: I will list recommended items for repair and begin to gather bids for work to be done as well as submit photos of recommended work. This includes required retrofitting and a pest inspection.

Listing Agreement & BPO: A complete interior broker price opinion with digital photos will be provided within 24 hours as well as a complete listing package.

Listing Property: Property will be listed in appropriate multiple listing service, sign will be placed on property, ads placed in regional as well as local newspapers, property information posted on local and nationally recognized websites. Repair work if authorized will be completed.

During Listing Period: Property will be regularly inspected. A monthly report will be provided noting the advertising completed, updated market conditions, showings and general comments on property.

Presenting Offers: All offers will be submitted with a net sheet and a bullet point page outlining the key elements of the offer. If there are multiple offers a comparison sheet will be prepared as well.

Opening of Escrow: The escrow holder of your choice will be contacted and all required documents forwarded to them. All necessary disclosure forms will be forwarded to you and strict adherence to contingency dates will be kept. You will receive regular updates as to the progress of said escrow.

Upon Closing: Utilities will be transferred, outstanding invoices will be submitted and final status will be submitted to you.


REO Zip Code Coverage Areas

90003, 90007, 90011, 90012, 90013, 90014, 90015, 90017, 90021
Downtown, Los Angeles

90008, 90043, 90047
Baldwin Hills, Crenshaw, Leimert Park, View Park Windsor Hills, Los Angeles

90011
Los Angeles

90304
Inglewood, Lennox

90016
Los Angeles, West Adams

90305
Inglewood

90018
Cimarron, Dockweiler, Los Angeles

90403
Santa Monica

90025
Los Angeles, West Los Angeles

90404
Santa Monica

90029
Los Angeles, Vermont

90405
Santa Monica

90034
Los Angeles, Palms

90035
Los Angeles, Preuss

90250
Hawthorne

90037
Green, Los Angeles

90805
Long Beach

90042
Highland Park, Los Angeles

90808
Long Beach

90043
La Tijera, Los Angeles, View Park, Windsor Hills

90044
Hancock, Los Angeles, Watts

90813
Long Beach

90045
Bradley International, Los Angeles, Westchester

91107
Pasedena

90745
Carson

90056
Ladera Heights, Los Angeles

91803
Alhambra

90077, 90049, 90024
Bel Air - Holmby Hills, Brentwood

90049
Brentwood

90048, 90036, 90035, 90034, 90046, 90019, 90016
Beverly Center - Miracle Mile, Beverlywood

91207
Glendale

90066
Los Angeles, Mar Vista, Playa Vista

90094
Playa Vista, Los Angeles

91343
North Hills

90230, 90232
Culver City

91303
Canoga Park, Woodland Hills

91364
Woodland Hills

90265
Malibu

91365
Woodland Hills

90272
Pacific Palisades

91367
Woodland Hills

90290
Topanga

91371
Woodland Hills

90291
Marina del Rey, Playa del Rey, Venice

91372
Calabasas, Woodland Hills

90293
Playa del Rey, Venice

91399
Calabasas, Woodland Hills

90301, 90302, 90303
Inglewood

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