Services - REO Support
Our REO Support Services will give you the opportunity to spend more time marketing the REO
properties while we focus on the details such as completing BPO forms, contacting vendors,
compiling repair quotes, processing accounts payables, and completing the enormous amounts
of necessary paperwork that goes with the REO territory.
Southern Assist is experienced to be your REO assistant, taking on the tasks necessary to
ensure all the details are completed per the bank's requirements. Ongoing contact with outside
vendors will ensure work is completed in a timely manner and that approvals are received from
the bank as quickly as possible. We know the financial liability you incur in handling these
REO properties so we make sure that your reimbursements are submitted properly and paid in a
timely manner.
BPO Support Services
- Pull subject property public record.
- Search comparables on the MLS.
- Research property information that is not listed on the MLS.
- Order property drive-by photos.
- Complete all online and hard copy BPO form.
Property Preservation
- Order and collect quotes, schedule property repairs, turn on and
off utilities, schedule all lawn services, order cleanup and winterization if necessary.
- Monitor each vendor work orders and audit all vendor invoices.
- Complete all REO expense forms.
- Process all accounts payables.
- Submit all expense forms to the banks for reimbursement.
- Monitor accounts receivables.
Monthly Marketing Report Services
- Create marketing materials for all properties.
- Collect and report all showing feedback.
- Provide monthly marketing report to the asset manager.
- Interview and hire staff to conduct pre-auction house-sitting.
Closing Transaction Management Services
- Order inspections and repairs.
- Connect with all agents, vendors, and the BPO Company during the closing transaction process.
- Ensure that all forms and documents are signed.
Sign up now for a free guide on how you can find the time to be more efficient!
