REO Outsourcing & REO Asset Management Services
NLA Management is a comprehensive REO Outsourcing and REO Asset Management company, providing services nationwide. We are highly experienced in the full spectrum of REO services, from pre-foreclosure through closing. It is this expertise which ensures that the foreclosure process goes smoothly, quickly and efficiently. Our goal is to exceed our client's expectations through unsurpassed customer service, innovative technology, in-depth industry knowledge and experience. When you choose to work with NLA Management, you can be confident that we will handle your real property needs, saving you time and money.
The complete list of our REO Outsourcing and REO Asset Management services is outlined below:
Pre-Foreclosure Services
- Provide routine inspections
- Maintain securing
- Complete debris removal
- Handle evictions
- Handle code violations
Title and Foreclosure Review
- Order title policies as required
- Review title policies for errors
- Examine ownership of mobile homes
- Review Deed in Lieu acquisitions
Valuation
- Obtain appraisals
- Review appraisals
- Obtain BPO's
Property Management
- Providing timely inspections
- Securing
- Debris removal
- Health and safety hazard control
- Lawn maintenance
- Winterization
- Management of utilities
- Placing property in marketing condition
- Changing locks
- Providing pest control services
- Managing demolitions
- Providing photo support
- Providing continuous preservation services
- Boarding or re-glazing of windows and doors.
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Marketing
- List with local brokers and monitor activity
- Provide electronic web bidding portal
- Facilitate traditional bidding
- Monitor market demand in support of
pricing changes
- Provide pricing feedback
- Enter properties in MLS systems
- Sponsor auctions as needed
- Provide income analysis on multi-families
- Offer financing available from lender
- Negotiate sales contracts
- Review incoming sales contracts
- Analyze each individual asset suggesting
market incentives and enhancements
- Manage earnest money deposits
- Assure proper signage is maintained
- Execute contracts with lender power of
attorney based on specific guidelines,
thresholds, and goals
- Provide web exposure
Closing
- Review deeds prepared by closing
agent
- Schedule closing
- Track timing of sales and deadlines
- Review settlement statements
- Execute extensions as needed to
preserve contracts
- Reconcile funds to lending
institution
- Provide final close-out report
to lending institution
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