REO – Banked Owned Property

Bank Owned REO Property

“With a private agent, consider it mission accomplished.”

REO Specialists

We work with financial institutions nationwide to help them successfully manage and market REO properties located across Rhode Island and Bristol County, Massachusetts. Our proven expertise in this area also helps guide individuals and investors through the process of buying bank-owned properties. We also help sellers in distress avoid foreclosure by negotiating deals with creditors, allowing the sale of their property for less than is owed.

Meeting the Needs of Asset Managers.

To help leading asset managers meet the intrinsic challenges of REO properties, The Link Agency has assembled a comprehensive portfolio of services tailored to facilitate every step. Recognized for our responsiveness and integrity, financial institutions appreciate the attention to detail that we bring to each listing. As a HUD Home Store Approved Realtor and active NAID, we have met the highest standards for professionalism in this specialty real estate field.

Accustomed to meeting strict deadlines, our team approach ensures that every task will be performed in a timely fashion–from initial inspections and MLS sheets to BPOs, HOA info and more. Our vetted process and clearly communicated instructions benefit financial institutions, as well as buyers. With a support staff that includes a closing coordinator, marketing and accounting assistants, as well as IT specialists, we’re prepared and ready for whatever the situation requires.

Assisting Buyers of REO Properties

Navigating the purchase of bank-owned property requires both the specialized skills of a knowledgeable broker, as well as a special type of buyer. Though not the right choice for everyone, REO properties can present tremendous opportunities for cash buyers and sophisticated real estate investors, in any market.

At The Link Agency, we’ll help you determine if an REO property is appropriate for your situation. We’ll also guide you to the trusted financial resources you need that can inform you how much you can afford and prequalifiy you for financing.

REO Serives

BPO—In addition to providing you sold and active comps, our in-depth analysis includes full explanations about a property’s values, as well as those for comparable properties nearby.

Inspections—Within 24 hours of a property being assigned to us, we perform an initial inspection, noting any items that need to be repaired. Recognizing that REO properties, particularly those that are vacant, are more likely to be vandalized, we continue with weekly inspections until the property is sold.

Maintenance and Repair Management—Complementing our ability to identify necessary repairs, we have the resources needed to remedy any situation. Our relationships with qualified contractors throughout Rhode Island and Massachusetts offers our clients cost-effective, turnkey solutions. Whether the task is as simple as a rekey or complete yard maintenance, winterization or full rehab, we’ll provide you with as many as three bids for each project. Once approved, we will submit complete documentation, detailed invoices, along with before and after pictures.

Utilities Coordination—We will assume the responsibility of getting the water and all utilities turned on in order that inspections and appraisals can be performed.

Completing Cash for Keys and Evictions—Should previous owners or tenants still live at a property, The Link Agency will successfully negotiate with all occupants to expedite their move.

Regular Updates–We’ll provide you with frequent updates on any and all issues, including the buyer’s loan process, lender problems, inspections and appraisals. Working closely with banks and buyers’ agents, we handle every step of the process.

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