Summit Realty

REO & Asset Management

Summit Realty Group is a full-service REO Real Estate Brokerage and Management Company. As experienced asset managers, Summit Realty Group is well trained and proficient in property valuation, asset management, and asset disposition. We have developed a vast network of appraisers, inspectors, contractors, lawyers, and title/escrow services allowing cost effective out sourcing for today’s overworked loss mitigation departments.

Our partners have been screened for the following criteria: accuracy, integrity, fees, quality of work, responsiveness and accountability. Our case managers and REO real estate agents have been extensively trained in foreclosure and REO asset assignment procedures. Summit Realty Group has developed a turnkey real estate asset disposition system to remove those non-performing real estate assets off the books.

Summit Realty Group can handle all aspects of the foreclosure process from the initial legal action through redemption and sale of the property. A quick overview of our services includes:

• Comprehensive BPO and Valuations
• Complete Market Analysis
• Comprehensive Documentation Services
• Cash-For-Keys and Eviction Assistance
• Verify Occupancy Status
• Secure Vacant Properties (re-keying, sign posting, title work, contact utilities, clean up bids)
• Property Clean-up and Maintenance (interior, exterior, ongoing)
• Regular Weekly/Monthly Reports (you dictate the frequency of reporting)
• Marketing the REO Property (signage, MLS, various foreclosure online databases, and various other internet sites, fliers, etc.)
• Presentations of all offers to purchase the REO property and counter-offers
• Follow-up with all parties to ensure a smooth, timely transaction
• Coordination of Settlement

Step 1: Property Evaluation & Set  Up	Secure, inspect and prepare REO property Evaluate REO property condition Provide detailed market analysis with photos Obtain bids for REO property clean-out, repair and maintenance Evaluate environmental and compliance issues
Step 2: Marketing	Establish marketing strategy with financial projections Provide qualified, experienced REO broker Establish tracking/monitoring system Review strategy and pricing as market demands
Step 3: Reporting	Provide monthly status reports on all REO properties Provide monthly and year-end summary reports on sold REO properties Monthly expenditure reporting Retain records for five years
Step 4: Property Management	Supervise repairs and maintenance Monthly inspection reports Select on-site property manager when applicable Timely Payment of property expenses (optional)
Step 5: Negotiation & Closing	Counter, reject or accept offers within approved limits Provide detailed net sheet with all offers Coordinate closing process Ensure timely receipt of sale proceeds Ensure finalization of all services Submit detailed closed file

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This page contains specific information regarding real estate asset and real estate REO information with Summit Realty Group, a 100% real estate brokerage. Summit Realty Group trains and provides REO brokers for REO asset  disposition. Summit Realty Group has REO homes for sale. Summit Realty Group has buyers for REO homes for sale.  Summit Realty Group is the fastest growing 100% real estate companies in the real estate industy. Work smarter, not harder with this 100% commission company.