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2050 W. Chapman Ave. Orange CA 92868
1-800-850-6496
For BuyersFor BuyersAbout Prudential Prime
CLEAN_BLUE
 

For Assets Managers

 

PRE-FORECLOSURE ACTIVITIES

  • Broker Price Opinions - Exterior and Interior

  • Property condition inspections

  • Pre-foreclosure Interviews

  • Pre-foreclosure sale workouts

  • Preservation and Securing

OCCUPANCY STATUS REPORT/INTERVIEW

  • Upon Receipt of Faxed or Email Authorization:

  • Within 24 hours - If Occupied-Determine if occupants plan to vacate and when

  • Provide Client with correct names of all occupants and their living arrangements

  • If vacant, secure property and re-key

SURRENDER/EVICTION PROCEEDINGS

  • For Occupied Properties:

  • Negotiate cash for keys when authorized Coordinate eviction with foreclosure attorney, sheriff, movers, locksmith, etc Provide Client with correct names of all occupants and their living arrangements If vacant – secure property and re-key Relocation Assistance

  • For Vacant Properties:

  • Secure and re-key the property Transfer utilities in to Broker’s name or Client’s name (depend on guidelines) Live-in house watchers and close relations with Sheriffs & Police throughout counties.

INITIAL REO FORECLOSURE INSPECTION REPORTS/BPO

  • Conduct preliminary comprehensive property inspection immediately following eviction or vacancy of property Drive-by and Interior

  • Within 5 days if occupied:

  • If entry is permitted, prepare an interior BPO & Initial Inspection Report Provide information on occupants' willingness to permit entry for Client's Independent Appraiser, when applicable When the property is part of a Condominium or Homeowners Association, an Association Information Sheet will be provided

  • Within 5 days if vacant:

  • Complete a BPO and Initial Inspection Report with interior and exterior photos

  • When the property is part of a Condominium or Homeowners Association, an Association Information Sheet will be provided

FORECLOSURE PROPERTY PRESERVATION/REPAIR BIDS

  • Property Preservation:

  • Secure property and/or board-up to FHA standards Debris removal (interior and exterior)

  • Winterization/De-winterization Activate systems Perform lawn maintenance and Landscaping

  • Renovation:

  • Recommend list of repairs Solicitation of bids from fill-time licensed contractors Monitor repairs Review invoices Notify clients of satisfactory completion of work Emergency maintenance

If you still require more information, you can contact us any time.

Find out how much your closing costs could be.

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Copyright © 2008 Metro Town Realtors. All rights reserved. Revised: September 27, 2008 .