REO Management

Long before this historic foreclosure market, ETCREO Management handled thousands of distressed assets annually for its lender and servicer clients. Today, market expertise is central to marketing and selling REOs in a timely way that preserves profits. With ETCREO as your partner in asset management, you can count on a level of real estate experience, individualized service and nationwide consistency that our competitors can’t match.

You can expect a full range of resources and outstanding results. Our industry insight and flexible programming enable us to custom – tailor unique strategies aimed at achieving your portfolio objectives within your timelines.

ETCREO manages and moves properties in a way that benefits your bottom line. From vacancy inspection to listing and sale, our team seamlessly bridges the gap between lenders, mortgage servicers and seasoned REO brokers to move properties fast and efficiently while minimizing holding costs andmaximizing your recovery.

ETCREO offers customized services to meet your needs. We assign a dedicated team of account representatives to every client to deliver personal service and to ensure the highest quality of service standards. Our services include:

Pre foreclosure

  • Nationwide drive-by BPO service
  • Weekly occupancy inspections

Post foreclosure

  • Eviction coordination with a network of experienced eviction attorneys, the local Sheriff’s Department and property preservation/trash-out crews
  • Cash for Keys: Cash offered to owner or tenant for relocation assistance
  • Rekey, secure and winterize the property

Asset Valuation and Marketing Analysis

  • Two opinions of value are obtained affording intelligent analysis of the best market strategy for each individual asset in our portfolio
  • Cost benefit repair and Improvement analysis
  • Repair management

Marketing

  • Target Marketing – Investor vs. Owner Occupant
  • Implementation of Marketing Strategy
  • Monthly status reports

Offer Management

Offer approval and acceptance within delegated guidelines:

We typically have the authorization to accept contracts within 85% of the list price. This saves time for the client and enables us to respond to selling agents in a timely manner
Contract review and execution within via limited POA

Accounting

  • Bill payment and coordination

Monthly Billing provided