REO Services

REO Listing Syndication

REO Sales & Marketing Procedures

When did entering a REO listing in the MLS become ‘marketing’?

Our job is to make the Asset Managers job easier. We hit our deadlines, we don’t fluff the BPO’s and we market the property properly including tours, multiple photos, 800# hotline and web presence.

REO listing marketing has been done very badly.  Do not settle for sub-standard marketing or communication.  The

RDCPro - REO Default Certified Professional

Mom and Pop REO standard is not good enough in a high volume environment.  Our team can handle blocks of home in our region or just one or two listings.

EXIT Realty is setting new standards in REO Marketing. These strategies are proven to reduce marketing time and increase sales.  Our REO Division includes a full time Marketing Expert and Web Master to ensure your REO listings achieve top visibility on Search Engines.  Besides being on our multiple, well ranked websites, we also syndicate the listing to dozens of other popular real estate websites.

REO Services

Once the property assignment is received, the following services will be completed within your time requirements.

• Occupancy status is determined
• Evictions started if required.
• Cash for keys programs implemented if available.
• Property is secured and re-keyed.
• Trash out ordered and completed.
• Contractor bids are obtained within 3 business days. Emergency repairs within 24 hours.
• Termite inspections are obtained within 3 business days.
• Condition of the home is documented with digital photos.
• Property listed in appropriate Multiple Listing Services within 24 hours of obtaining listing agreement.
• Property winterized as necessary.
• Utilities are turned on and billed to our Office.
• Landscaping & lawn care assigned to contractor.
• “Bank Owned / No Trespassing” signs posted on property.
• Property listed on personal websites. Property is submitted to numerous websites and syndications.
• E-Listing Virtual Tour shot, may be delayed until repairs are complete.
• 800# call capture advertising recorded. Rider placed on sign.
• Email sent to subscribers of our Investor & Foreclosure Hotline.
• Email sent to clients in our Buyers Database (4000+).
• Ongoing supervision of any property repairs.
• All contract negotiations and preparation of documents.
• Verification of buyers financial qualification.
• Continued follow through, up to and after close of escrow.

REO service area map

Primary Service Area:  Hampton VA, Newport News VA, Yorktown VA, York County VA, Williamsburg VA, Gloucester VA, Gloucester County VA, New Kent County VA, Charles City County VA, Hopewell VA, Lanexa VA, Toano VA, Norge VA, Poquoson VA.

Secondary Service Area: Norfolk VA, Virginia Beach VA, Portsmouth VA., Suffolk VA, Surry VA, Mathews VA, Chesapeake VA.

REO and BPO SERVICE AREAS

Service Area by City:

Barhamsville Virginia, Charles City Virginia, Charles City County Virginia, Gloucester Virginia, Gloucester County Virginia, Hampton Virginia, Lanexa Virginia . Mathews Virginia, New Kent County Virginia, Newport News Virginia, Norfolk Virginia , Poquoson Virginia, Providence Forge Virginia, Surry Virginia, West Point Virginia, Williamsburg Virginia, York County Virginia, Yorktown Virginia

Service Areas by ZIP Code:

23001, 23003, 23011, 23017, 23018, 23030, 23050, 23061, 23062, 23072, 23081, 23089, 23090, 23107, 23124, 23127, 23131, 23140, 23154, 23155, 23156, 23168, 23178, 23181, 23183, 23184, 23185, 23186, 23187, 23188, 23190, 23191, 23601, 23602, 23603, 23604, 23605, 23606, 23607, 23608, 23609, 23612, 23628, 23630, 23631, 23651, 23653, 23661, 23662, 23663, 23664, 23665, 23666, 23667, 23668, 23669, 23670, 23681, 23690, 23691, 23692, 23693, 23694, 23696,