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Coldwell Banker REO
|Coldwell Banker REO properties are in addition to the normal properties that are sold by the authorized realtor or real estate associates. Because of the long list of lenders in the list of its service, there are huge number of Coldwell Banker REO or Real Estate Owned. It is the Coldwell Banker REO Division through which these distressed properties are sold. Mortgage lender can also list their REO properties with Coldwell Banker that also takes care of this homes under asset management services.
Coldwell Banker REO Properties
Real Estate Owned or REOs are the properties that are left with the bank because these are not sold at auction. The Auction is done because of the Foreclosure. Now when the borrower does not make the payment of mortgage then the mortgaged property is foreclosed upon. REO properties are very good from the investment point of view. But always gather information on How to buy a foreclosure or REO before getting into this niche of real estate.
Listing of homes as Coldwell Banker REO properties also comes with another benefit of asset management services. This include:
Coldwell Banker also has the REO clients, which are listed as follow:
- Selecting an agent who knows the area where property is located
- Listing of property on company's website
- Different media of advertising the property. This include signs, mail, cards etc.
- Contractors for making any repair in the Coldwell Banker REO property
The list differs from state to state. The Banker has REO Resale Specialist that are master in selling and buying these distressed properties. To the client, Coldwell Banker REO dept provides timely selling of these properties and that too with highest price. The state REO team also has the complete understanding of local foreclosure process and all the associated foreclosure laws. The professionals also provide the weekly inspection of the property so that less of problem comes while selling it.
So as a buyer you can find Coldwell Banker REO properties and Banks can also utilize the service of asset management and listing of REO homes with Coldwell Banker.
- Fannie Mae
- Freddie Mac
- City Bank
- Homecomings Financial