We Are Pennsylvania REO and Foreclosure Specialists

Real Estate has always been about working together. Traditionally real estate has consisted of the buyer and the seller. The buyer's, the sellers, and the agents have always had to work together to come to common ground. Today's real estate market is very different. With foreclosures at an all time high and banks portfolios of REO (real estate owned) properties greater than ever, the rules have seemingly changed. Yet, even in today's market, real estate is still about working together. And it still consists of a buyer and a seller.

Derrick Real Estate works on these relationships. We help the prospective homeowner find foreclosed homes; we help banks manage their REO, and even help those facing foreclosure stay in their homes. We work together with the buyer and the seller to ensure the best possible results. We help the homeowner, the prospective homeowner, and the banks and financial institutions. In this ever changing real estate market, you need professional agents that can adjust to the ever changing conditions.

Specializing in Foreclosed Homes

Derrick Asset Management is the complete foreclose specialist. If are going through the difficult process of foreclosure; turn to us. If you wish to purchase foreclosed property, or would like a foreclose listing; turn to us. If you are a financial institution and need help managing the headache of bank owned homes and bank owned properties; turn to us. Foreclosure is never a pleasant experience, but we can ease the pain, and offer solutions in a difficult time.

In every case, dealing with the issue head on is the best way to handle the situation. We open the lines of communications between the homeowner and lender. Often time's foreclosure can be avoided. If you wish to avoid foreclose, you need to be proactive in the process. We realize that this can be a daunting task. At Derrick, we will help the homeowner speak with the bank, the bank speak with the homeowner, and create the best possible solution in the foreclosure process.

With a network of lenders, homeowners, and potential buyers, we can piece together several scenarios to give the homeowner and the mortgage holder options. With us, foreclosure, while never easy, is not hopeless. We offer foreclosure solutions to help everyone involved get the best results possible.

Bank REO Services

Banks are in the business of banking, not real estate management. Managing these REO portfolios or OREO (Other Real Estate Owned) as it is known in the banking industry is a headache of epic proportions. Derrick Asset Management is an REO agent, helping banks and mortgage companies manage, maintain and develop relationships beneficial to the lending institution's needs. As a lending institution bank, an REO broker is a necessary component in dealing with bank owned homes.

While REO is viewed in the banking industry negative, our REO company can optimize the situation and find the best possible solution for the bank, the mortgage company or lending institution. Derrick will create an REO solution that is beneficial to the financial institution. By creating solutions and options for the bank, Derrick is the REO management specialist in Pennsylvania, Delaware Valley, and the greater Philadelphia area.

REO is becoming more and more common. Once an industry term, REO properties are a front burner issue. We are there to help banks manage their REO portfolio with a full team of maintenance professionals to maintain the property to your necessary specifications.

Asset Services Management Firm

Asset services management is not a one size fits all solution. By offering sellers and buyers a complete suite of asset management options, Derrick is the answer to your BPO, HUD and property preservation needs. In addition to helping banks reduce their inventory, we are the complete property management services specialists. By creating the very best in asset services management, we can meet the needs of banks, lenders and mortgage companies. We work hard to help reduce holding costs and ensure high recovery rates. When you need an asset services management company, turn to the professionals at Derrick.