National REO Services
Lenders dealing with an inventory of repossessed properties often contract with a national REO service provider. Derrick REO Asset Management has been successfully offering these services on a national basis for years. Derrick maximizes your chances of a profitable sale by handling all aspects of a property's maintenance and sale, making sure you get the highest possible price and keeping costs as low as possible. Contracting the whole package of required services for your inventory to a qualified company ensures work will be done consistently, on time, under budget and without high quality.
National REO Services for Properties
The requirements for a particular property can vary substantially depending on such factors as location, condition, purpose and the circumstances of its repossession. National REO Services begin with removing hazardous conditions and securing the property against unauthorized persons and damage. Next, properties must be assessed and needed repairs and improvements must be contracted to responsible firms and the contracts managed. Of particular importance is ensuring that properties meet applicable code and relevant regulations. National REO companies like Derrick have in-depth knowledge of requirements in different locations around the country. Derrick can help lenders who suddenly find themselves owners avoid costly and potentially catastrophic mistakes. Lenders with properties throughout the country can especially benefit from expertise in different locales, including preparing for and limiting damages from winters, flooding, and extreme heat.
National REO Marketing Services
Derrick has been successfully marketing and advertising foreclosed properties throughout the country for years. Successful advertising techniques vary from location to location, do national experience can be invaluable. The particular nature of local real estate markets vary considerable from place to place. Lenders need to work with a firm they can trust to list and sell a house no matter where it's located, including, when appropriate negotiating arrangements with local real estate agents.
Derrick will provide whatever a lender needs. We're able to support your plans regardless of their complexity; or simplicity. We'll provide you with solid marketing analysis so you can be confident in your pricing decisions, including listing of recent sales and traffic trends. Our marketing plan will consist of a mix of techniques, potentially including direct mail, advertising and public relations. The plan will be tailored to your preferences and the characteristics of the property and the local market. The customized plan will be implemented so as to maximize your return.
Each new property location in your foreclosure portfolio increases the complexity of every aspect of asset management. Property assessment, remediation, security and maintenance must always be provided on location, with trusted and professional contractors your service provider already has relationships with. And in the listing, marketing and selling of your properties you'll need a company with a thorough understanding of the particular nature of the marketplace you're offering in. Derrick has earned a solid reputation through years of successful asset management on a national scale. By outsourcing the whole process to Derrick, you'll reduce your management headaches will being confident the process will be managed to your best advantage by qualified national reo service agents.