BPO Pros is your top choice for all REO and Foreclosure and Real Estate needs.

Foreclosed properties can become a significant burden for lenders if not sold promptly, and finding the right REO listings agents online can be challenging. With over 20 years of experience in assisting lenders and servicers in selling REO and Foreclosed properties, BPO Pros is here to help. Our cost-effective strategies and extensive network of REO and Foreclosure experts ensure your property is sold quickly and at the best possible price.

Real Estate Owned (REO) refers to properties in the United States that are owned by a lender—usually a bank, government agency, or government loan insurer—after the borrower has defaulted on their mortgage. If the owner fails to meet their mortgage obligations within a specified period (which varies by state), the property is eventually put up for a foreclosure auction.

When a lender auctions a foreclosed property, typically through a county sheriff or designee, they may set the starting price at the remaining balance of the mortgage. In a weak market, the lender might lower the starting price if they believe the property is worth less than the outstanding loan amount. If the mortgage balance exceeds the home’s value, it may be difficult to attract bids at this price level. When a foreclosure auction fails to attract acceptable bids, the property remains with the lender or servicer and becomes part of their REO (Real Estate Owned) inventory. In such cases, the lender/servicer will then try to sell the property through traditional real estate channels.

HELPING LENDERS WITH THEIR FORECLOSURE INVENTORY

Lenders, such as banks, government agencies, or loan insurers, aren’t real estate firms and gain no benefit from holding onto residential or commercial properties. BPO Pros provides comprehensive REO Asset Management services, handling every aspect of the REO transaction—from marketing to selling—efficiently. Our services create a win-win situation, benefiting both the lender looking to sell and the consumer looking to buy!

WE GUARANTEE:

Professional REO support

Accurate reporting

Amazing communication

Quick turnaround times

Property Preservation

Since most foreclosed properties require repairs, you are in the right place to get yourself the best REO services in town!

We’ve got GOOD NEWS! BPO Pros can handle all you property preservation needs.

  •  Repairs
  •  Clean-outs
  •  Board-ups
  •  Re-key
  •  Winterizations,
  •  Ongoing upkeep

BPO Pros team of experts REO brokers visit the property, undertake elaborate on-site inspections to assess the property and offer suggestions to obtain the most value out of the sale. Our skilled vendors with years of experience then initiate the repair(s) and maintenance to get the property ready for market in no time.

What are you waiting for? Call BPO Pros now to learn more about our REO/Foreclosure services.

Note: BPO Pros is always on hunt for the best agents for its REO division.