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River City Realty
314 WASHINGTON ST
RED BLUFF, CA 96080
Phone: 530-529-2700
Email: Lori@LoriSlade.com
Lori A. Slade, Broker/owner
CA Broker license #01042134
 

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Tehama County Real Estate by River City

REO SERVICES


River City Realty is a full service REO firm commited to providing you with one stop shopping for Lenders and Asset Managers to secure, manage and sell your distressed assets.  With a focus on maximizing net proceeds and minimizing days on market, River City Realty will utilize strategies to get your assets sold.  Please contact us with any questions regarding our services.

PRE-FORECLOSURE ACTIVITIES
                Broker Price Opinions - Exterior and Interior
                Property condition inspections
                Pre-foreclosure Interviews
                Pre-foreclosure sale workouts
                Preservation and Securing

OCCUPANCY STATUS REPORT/INTERVIEW
                Within 24 hours - If Occupied-Determine if occupants plan to vacate and when
                Provide Client with correct names of all occupants and their living arrangements
                If vacant - secure property and re-key

For Vacant Properties:
                Secure and re-key property
                Transfer utilities (electric, gas, water etc.) in Broker's name or Client's name if requested

INITIAL INSPECTION REPORTS/BPO

If Occupied:
Conduct preliminary comprehensive property inspection immediately following eviction or vacancy of property

If entry is permitted, prepare an interior BPO & Initial Inspection Report
When the property is part of a Condominium or Homeowners Association, an Association Information Sheet will be provided

If Vacant:
Complete a BPO and Initial Inspection Report with interior and exterior photos
When the property is part of a Condominium or Homeowners Association, an Association Information Sheet will be provided

PROPERTY PRESERVATION/REPAIR BIDS

Property Preservation:
                Secure property and/or board-up to FHA standards
                Debris removal (interior and exterior)
                Activate systems
                Lawn maintenance
Renovation:
                Recommend list of repairs
                Solicitation of bids
                Monitor repairs
                Review invoices
                Notify of satisfactory completion of work

MARKETING THE PROPERTY
                Upon receipt of Signed Listing Agreement:
                Sign placed on the property
                Enter property data into Multiple Listing Services
                Begin marketing with full exposure to advertising
                media,newspapers, magazines,etc.
                Direct mail-outs to investor clientele list, neighbors, etc.
                Fax/e-mail brochures to area Brokers with updates
                Enter on website

Ongoing services through closing:
                Property Inspection Condition (reported monthly)
                Showing and Prospect Comments (reported monthly)
                Marketing Updates (monthly)
                Progress Reports (monthly)
                Invoices to Client for monthly reimbursements

SALES AGREEMENT AND CLOSING PROCEDURE
                Overnight original final Contract of Sale to Client
                Under Contract Weekly Status Reports faxed to Client
                Broker Closing Progress
Contract to Closing checklist - monitored daily
                with strict Buyer and Buyer'sagent performance guidelines
                Confirm that all reimbursement invoices were paid prior to closing