REO Management Services
NPHS is committed to providing you with the most rewarding service possible in the management and marketing of REO properties. You can count on expert management of your asset; from initial assignment through closing, all with time-sensitive manner and professionalism. Our tradition of customer satisfaction, results-oriented approach, and technical expertise have earned the confidence and loyalty of our expanding client base.
The key to our success is our cutting edge technology and the numerous resources available to us as a nonprofit organization.
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Put our experienced REO management team to work for you.
Take a look at our service offerings:
Foreclosure, Eviction & Legal Management:
- Foreclosure management
- Relocation assistance – cash for keys program
- Eviction coordination
- Lock out coordination
- Inspection service with photos
- Personal property management
- Utility Management
- Property / occupancy inspections
- 24/7 in house staff on call
Asset Valuation:
- Broker price option
- Appraisal coordination
- Value added repair analysis
Marketing:
One of the keys to our success is the many resources available to us through our nonprofit networks.
- Updated broker price option & cross market analysis
- Vendor coordination
- Implementation of marketing strategy including:
- Local MLS listing
- Print ads in local newspapers
- Signs posted at property
- Lock box access
Internet marketing
Offer Management:
- Promote and manage competing qualified buyers to obtain the highest offers
- Keep REO department advised on all offers
- Pre-qualify potential buyers
- Structure and recommend counter offers to eliminate costs for corporate seller, minimize contingencies, contingency removal time and time to closing
- Expert contract negotiations
- Actively market for and obtain back up offers during escrow period.
Closing & Title Service Management:
- Open escrow and title orders
- Prepare all statuary disclosures to insure legal compliance with all state and federal laws.
- Monitor the buyer’s loan procurement process and obtain formal loan commitment
- Expedite and demand 24 hour contingency removal
- Require increasing financial commitment by buyer as transaction progresses to discourage cancellations
- Closing coordination
- Advise REO department on estimated closing date
- Fax HUD-1 to REO department within 24 hours
- Bill for approved services rendered upon closing
