Your goal is to minimize the loss of investment on a
property. The MemphisREO team can help.
Beyond our REO/Asset Management services, we can assist you
with conventional loan and FHA required loss mitigation
services that include:
Pre-foreclosure
Sales
Unlike typical property sales,
pre-foreclosure sales require sensitive, professional
handling. Typical services include:
- Aggressive listing of property
- Drive-by property valuation
- Adherence to FHA regulations and requirements
Coordination of Debtor with Non-Profit
Foreclosure Counselor
Foreclosures can sometimes
be avoided and an amendable solution can occasionally be found
for all parties involved. The MemphisREO team will coordinate
with the debtor to find a non-profit foreclosure counselor to
advise them on possible solutions.
Field Services
MemphisREO
customizes our field services to address your unique needs and
field asset requirements. These services include:
- Collateral inspection
- Occupancy determination
- Borrower interview with call-back card
- Next-door interview
- Digital photographs
- Pre- and post-insurance inspections
Property
Preservation
There are several options available
in preserving occupied and vacated properties. MemphisREO
offers services to preserve and improve the valuation of the
property:
- Scheduled property maintenance reminders
- Code compliance
- Re-secure property
- Lock change
- Board broken windows
- Debris removal
- Hazardous waste removal
- Re-glaze broken windows
- Grounds maintenance
- Weatherization
Mitigating the loss of value to your property is foremost
in our minds. The MemphisREO team will work to help you recoup
your investment. Please contact us to discuss your needs.
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