REO Residential

REO Residential Management and Disposition

CERRON Commercial Properties offers residential real estate-owned REO residential asset management and disposition services for lenders, financial institutions and mortgage companies for properties throughout Minnesota.

Our knowledgeable REO and Disposition team will assist you in important decisions or recommendations; additionally our team can assist with any necessary improvements and repairs to turn any REO property into marketable condition.

CERRON Commercial Properties offers the following services during the REO management and disposition phases:

  • Initial property evaluatio-BPO
  • Preparation of an Asset Disposition Plan
  • Property assessment for repairs or damages
  • Property preservation services
  • Continuous updating to the client
  • Schedule and handle closing
  • Transfer and pay utilities until closing

Our experience with REO and Disposition transactions allows us to foresee problems and proactively solve issues before they happen. We work very closely with our clients to ensure goals, expectations and maximized returns are obtained.

CERRON’s Residential REO Experience and Qualifications

  • Extensive REO sales and marketing experience
  • CDPE-Certified Distressed Property Expert
  • Titanium Solutions HRC-Home Retention Consultant
  • Default School-REO Default Certified Professional
  • Use Agent,,,, Multiform
  • List and sell REO and Bank Assets for: PMH Financial (Fannie Mae)-Preferred Agent, GRP Financial, Phoenix Asset Management, Interbank, Wilshire Credit, Financial Asset Services, National City, USRES, SingleSource, Green River Capital, Integrated Mortgage Solutions and several others.
  • Accurate broker price opinions
  • Full time support team of buyers agents, closing coordinator, administrators and office manager
  • Transfer utilities and verify heat and sump pumps are working
  • Sufficient funds to maintain over 100 properties and make emergency repairs
  • MLS and MNCAR
  • Broker Reciprocity and internet presence
  • Occupancy Inspections
  • On-Site Property Preservation Company & Contractors
    • Secure property and winterize within 24 hrs
    • Cash for Keys & Evictions assisted
    • Supply all locks and lock boxes
    • Trash outs and cleaning done within 3 Days
    • All recurring services-quality lawn maintenance and snow removal
    • Pressure Tests and Plumbing repairs
    • Major and minor repairs
    • Complete Structure Demolition Services
  • Rehab bids available

Contact us to learn more about the Residential REO process, and how the experienced team at CERRON Commercial Properties can make the process of managing, maintaining or repairing an REO property efficient and straightforward.