Lender REO Services | Steve Taplin

LENDER REO SERVICES

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The TAP Realty team is experienced, knowledgeable,trustworthy, and provides excellent service for all REO listings. Our team has experience and a track record working with over 1,000 REO properties nationwide.

Managing the sale of distressed properties and notes requires a unique set of problem solving skills and experience in dealing with lenders, creditors, and potential bankruptcy issues. Our hands-on approach allows us to dig into the issues and determine the priorities and challenges that need to be addressed quickly and decisively in order to move forward, especially for operating properties. We have deep experience with distressed assets, having sold properties for a variety of lenders – commercial banks, special servicers, hard money lenders, real estate debt funds.

The principal of TAP Realty have bought and sold properties and/or performed BPO and REO services for many major banks and investors, including: Wells Fargo, Bank of America, EMC, Chase, Indymac Bank, Aurora Loan Services, First Franklin, Deutsche Bank, Ocwen, American Home Mortgage Servicing, Morgan Stanley, USRES, Integrated Asset Services, iMortgage Services, Secured Lending Services, Residential Real Estate Review and Clear Capital.

TEAM STRUCTURE

TAP Realty provides a complete custom range of services to meet lenders needs for non-performing assets from Occupancy Checks, BPO’s, Evictions, Property Maintenance, Re-Keying and Securing the property, Repair estimates,Trash Out’s, Cash For Keys, Yard Care, Establish and Maintain Utilities. to Close! All our services take advantage of TAP Realty’s advanced technology platform.

PRE-SALE PREPARATION & ANALYSIS
TAP Realty understands that every day a non-performing asset is on the books it costs you money. Therefore we will quickly determine occupancy status, assist in gaining property control and fully analyze the market conditions for accurate BPO’s.

EXPERT NEGOTIATION AND TRANSACTION MANAGEMENT
The expert team at TAP Realty aggressively screens all offer packages to allow you to make the most informed and advantageous responses in a timely fashion. Once a contract is signed our transaction team excels in ensuring a successful worry-free close.

AGGRESSIVE MARKETING PLAN

We will submit your property to over 100 websites to gain exposure to be sold quickly.
We include multiple photos, and a mapping system to locate the property.
Direct mail to several neighborhoods
Yard signs, full color brochures to entice the buyers.
Ads in local newspapers

FULL SERVICE OUTLINE

Based on your particular need, we will:

Determine Occupancy and Secure: If vacant, the property will be secured immediately, and a lockbox installed as per your instructions. If occupied We are experienced in assisting with evictions, lockouts, testifying in court and cash for keys.
Check for possible safety concerns, trash & maintain: If there are safety concerns, we will let you know and have the problem addressed immediately. The property will be trashed and cleaned. If the cost is over the allotted amount We will get authorization from you. We will employ the appropriate people to maintain the property, such as gardeners, pool men, etc.
Turn on Utilities: This can be done in your name or ours, which ever way you prefer. At the close of escrow We will make sure they are turned off immediately.
Payment & Billing: Monthly reimbursements will be submitted according to your procedures.
Provide you with a complete Listing Package: This listing package will include a Broker’s Price Opinion, interior and exterior photographs, comparable listings, escrows and sales, bids to repair, a termite report, a Listing Agreement, marketing program, and any other information you may require. We will also make sure your appraiser is given immediate access and provided with any information needed.
Preparing the property to list: If you decide you want the property repaired We will employ contractors on your behalf, and provide you with photographs of the work upon completion.
Listing the property: During the course of the listing We will keep you informed via Monthly Marketing Reports. This will include any changes in market conditions, feedback from showings, and copies of all advertising. Please: We will implement a strong and aggressive marketing program to help expedite a sale.
Offers: When an offer is received it will be presented immediately, as per your instructions. For example some institutions prefer an “Offer Sheet”, which provides the terms and net to the seller. Others prefer receiving a copy of the offer and some want both. With all offers, We always request from the Buyer a pre-qualification letter and verification of funds.
Escrow: We will open escrow, generate the necessary paperwork, and make sure contingencies are met and keep you informed of the progress.
After closing escrow: Within 30 days of closing you will receive all outstanding invoices, which usually amounts to the final utility bill.

SERVICE AREAS

We cover the following areas in Maricopa County, Arizona: Scottsdale, Fountain Hills, Care Free, Cave Creek, Paradise Valley, Tempe and all areas in Phoenix east of the 51 Highway. This includes the following zipcodes:

85050 (Phoenix)

85032 (Phoenix)

85028 (Phoenix)

85016 (Phoenix)

85008 (Phoenix)

85018 (Phoenix)

85253 (Paradise Valley)

85280 (Tempe)

85281 (Tempe)

85282 (Tempe)

85283 (Tempe)

85284 (Tempe)

85285 (Tempe)

85287 (Tempe)

85250 (Scottsdale)

85251 (Scottsdale)

85252 (Scottsdale)

85254 (Scottsdale)

85255 (Scottsdale)

85256 (Scottsdale)

85257 (Scottsdale)

85258 (Scottsdale)

85259 (Scottsdale)

85260 (Scottsdale)

85261 (Scottsdale)

85262 (Scottsdale)

85266 (Scottsdale)

85267 (Scottsdale)

85271 (Scottsdale)

85268 (Fountain Hills)

85269 (Fountain Hills)
85327 (Cave Creek)
85331 (Cave Creek)
85377 (Carefree)

reo coverage WHY TAP REALTY
Take advantage of our extensive experience in Real Estate, Appraisal, Licensed Contractor, and lender experience. Through completing over 1,000 REO properties, we understand what it takes to get REO properties sold. Please call 602.470.9866 or email us at Steve@TAPRealtyAZ.com

602.740.9866