REO/Bank Owned Services
Pacific Investment Properties provides complete REO services personalized to your particular requirements.
Occupancy Checks - In addition to initial occupancy checks, all occupied properties are placed on weekly occupancy verifications and property condition checks.
Cash For Keys - Cash for keys means more than a letter. All occupied properties are consistently visited in person to try to reach voluntary vacancy. This includes physical contact attempts, door hangers, registered letter mailings and even skip-search checks to find alternate phone numbers and other points of contact.
Eviction Coordination - If needed, we can recommend a qualified eviction attorney and provide a professional vendor for all needed eviction services.
Property Preservation - All vendors used are required to be constantly kept up-to-date on present FHA, VA and HDD standards for property preservation. Our vendors are insured and are familiar with all aspects of REO preservation, from basic re-keying to complete rehab projects. This enables our clients to secure the best resale value for their properties in the present market conditions.
Prior to commencement and upon completion all vendors are required to provide photo documentation of any services performed. This serves to protect clients from unwarranted litigation and allows you to check the services on every trash out, lawn care, or rekey, maintenance/work order that is ordered, at any time.
All preservation services are also randomly inspected by third party inspectors to assure consistent, quality work.
For clients with contracted national field services, we provide independent inspection and a close working relationship with your contractor from beginning to end.
Broker Price Opinions (BPOs) - Drive by or interior, whether for REO valuation, PMI inspection, routine value updates or other needs, Pacific Investment Properties professional, on time BPOs are completed with accuracy.
Loss Mitigation - Experienced in Deed in Lieu assistance and Loss Mitigation. Call us to learn more or to speak directly with our Loss Mitigation Company.
Closings - Our dedicated staff maintains constant contact with buyer agents, lenders, and closing attorneys to provide our clients with timely closings and prevent delays. Contract contingency dates for inspections, financing etc. are rigorously checked to ensure your closing is never "lost in the shuffle".
Offer Negotiation - At Pacific Investment Properties, working offers consists of more than forwarding paperwork to our clients. Before an offer is provided to an Asset Manager's inbox, we have interviewed the lender to be certain that the buyer has been thoroughly qualified, including credit verification, income verification and confirmation that the lender is aware of the subject property's overall condition. In addition, buyer agents are given the necessary paperwork outlining what to anticipate in working with REO listings and what will be expected from them. By going the extra mile in the beginning of the offer process, we limit offer failures due to improper paperwork, uncertain buyers and unsteady lenders.
Recurring Marketing Reports - Why should you have to chase down monthly reports from your agent? All assets are set on Recurring Marketing Reports according to individual client guidelines. Our motto is "On-time is late, and late is not allowed".
Listings - All properties are listed in a centralized showing service, with agents able to reach professional appointment center staff at any time to schedule showings. In addition, all showing agents are requested to provide feedback from each showing, allowing us to better advise our clients on pricing, interest and market conditions regarding their listings. Pacific Investment Properties provides the support, staff and experience to allow your properties the ultimate exposure and buyer interest.
Auctions - We are aware that REO auctions have gained popularity and interest. Pacific Investment Properties/Auction Division has experience working with all various national REO auction companies. Our in-house auction services and has had tremendous success in ensuring that client-sponsored auctions receive maximum interest, attendance and bids.
Buyers - With a reputation as a premier REO Service Company, Pacific Investment Properties receives strong interest from buyers, investors and agents. This results in a greater number of showings and more sales, in less time with the highest sales.
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