Customizable REO Asset Management Solutions
Customizable REO Asset
AMG supports clients at every stage of the default asset management and REO liquidation process, including prior to the property becoming REO. We work in a highly consultative manner, tailoring the scope of our services to provide each client with solutions for their specific needs and geographies.
AMG’s REO default management and liquidation services support activities at each stage of default and REO operations.
We work with your organization to create business rules that determine which properties are managed internally or by AMG. We then assign the best resources for managing every activity within the process.
Oftentimes, AMG is engaged prior to foreclosure. Important activities such as occupancy checks, evaluating property condition and market analysis (BPO) are required in order to make decisions concerning the best strategy for property liquidation.
Once a property is foreclosed, AMG REO experts evaluate state guidelines for redemption and confirmation rights, confirm occupancy and begin the process of property preservation or relocation assistance.
AMG REO professionals are skilled at using traditional as well as auctions for REO disposition. AMG works with each client to establish the optimal marketing strategy that will yield maximum financial results. If using a traditional, individual listing, we prepare and execute all listing documentation and provide qualified, experienced REO brokers within an established tracking and monitoring system. If the property is to go to auction, AMG professionals coordinate all the auction preparation activities and manage the process and schedule.
AMG actively manages each REO property while active on market. We review strategy and pricing every 30 days and coordinate marketing efforts. AMG provides comprehensive support for the REO marketing team, including offer management (negotiations/acceptance), review all offer addenda executed from buyers and coordination of property inspections.
We offer support for the entire range of closing activities, including closing coordination, title curative, HUD review and contract endorsements. Our REO professionals manage all closing dates, disclosures and settlement documents and ensure the proper collection and distribution of proceeds.