Real Estate Asset Management Services
Innovative Foreclosure Services (IFS) provides real estate owned properties: sales, marketing, outsourcing and REO property management services in the Sacramento, Placer, Yolo, and Eldorado Counties. We are a customer-oriented organization that manages and markets real estate owned properties in the most efficient and precise manner.Upon receiving a property/Assignment, Scott Olson and the IFS REO Team take the following steps:
- Verify/Determine occupancy status within 12 hours
- Inspect and Photograph as much of the property as is accessible
- Re-key and secure property within 12 hours (Vacant Properties)
- Post Notice and Contact Tenant for Voluntary Vacancy (Cash for Keys – CFKs) negotiations (Occupied Property)
- Broker Price Opinion (BPO) - Drive by within 3 days, Interior/Full provided within 5 days.
- Include interior and exterior photographs
- Inspection report with written repair bids for review and approval
- Obtain all Inspections Desired
- Order/Review Preliminary Title Report
- Prepare Client specific reports
- Monthly status / Marketing report (MSRs / MMRs)
- Develop Marketing Strategy and implement Necessary Internet and print advertising
- Team leader/Broker assigns seasoned Agent to Market Property directly to interested Buyers
- Thoroughly Evaluate Buyer/Offer/Buyers Lender to help secure a strong buyer and closed transaction
To insure the marketability of the property, we manage and coordinate the following:
- Negotiate cash for keys exchange, if applicable
- Coordinate Eviction - Work with your attorney or recommend one
- Monitor: status, eviction and lock-out
- Interior cleaning and a complete de-trashing and winterizing of property
- Supervising and hiring subcontractors
- Gardening and removal of exterior debris
- Pool cleaning and maintenance
To perform the above mentioned services in the most efficient and effective manner we have on site departments that work as a team to outperform our clients’ goals and expectations. To learn more about our team's approach to REO Management, click here.
REO Broker Manager
Accounting Department
Closing Department
Property Management
Property Valuation Service
To view all of our Retail Services: Property management, Residential Sales, and Commercial Sales, go to CompassRealtyTeam.com.
Contact us today for a FREE confidential consultation.
(800) 898-8507 Toll Free
