For Asset Managers
An Asset Manager's Best Friend
We are affiliated with Benham REO Group
YOUR SINGLE POINT OF CONTACT FOR SHREVEPORT REO MARKETING
2
number of hours to confirm occupancy
24
number of hours to complete a BPO
Friestad Realty in conjuction with The Benham Real Estate Group is a company built around the most aggressive way to sell REO properties - REO Services. The key element to Friestad Realty and the Benham Real Estate Group's success is the level of customer service we provide and the demonstrated enthusiasm for the work we do - there is no property too small and there is no limit to the effort we will expend to move a bank asset. Combining local market expertise with state-of-the-art technology while supported by a team determined to get the job done, Friestad Realty and the Benham Real Estate Group provides superior REO service.
SCOPE OF SERVICES
- Occupancy – same day occupancy checks, weekly reporting
- CFK (Cash-for-keys) – aggressive negotiation with occupants in effort to save the Client from having to evict
- Eviction – cooperation & coordination with Sheriffs' Departments of all counties serviced
- Loss Mitigation - mortgagor negotiation and deed-in-lieu assistance
- Rekey – coordination of contractor using client-specific key codes & LB combos
- Secure – assuring that all properties are secured with no possibility of entry other than a keyed entry.
- BPO (for REO and 3rd Party Providers) - drive-bys and interiors performed quickly and efficiently by our dedicated BPO department. 48 hour guarantee for Listings
- MMRs – timely marketing reports for up-to-date information on new comparables and showing feedback
- Negotiation – all offers negotiated using client-directed offer communication method
- Closing Coordination – pending transactions thoroughly managed for timely closings
- Auction Coordination – oversight, coordination, and attendance (if necessary)
- Trashout – management and inspection
- Landscaping – oversight of all lawn maintenance and landscaping per Client guidelines
- Seasonal - services include winterization, snow removal, weatherproofing
- Repairs and Rehabs – extensive contractor database with 5-day turnaround for Bids. Management during repair process; Inspection upon completion
- Communication – State-of-the-art technology for up-to-the-minute Client needs
- Customer Base - large pools of buyers, agents and investors
- Associate scrutiny - comprehensive oversight of buyers’ lender and attorney
- Dedicated Departments - pre-marketing, listing coordination, offer negotiation, closing, 3rd Party BPOs
- Information Technology – customized online system developed specifically for REO management & sales
- Showing – buyer’s agent’s licensed under our Firm available in all areas serviced
- Client - monitoring of buyer agent feedback with online reporting
- Membership – NRBA, REOMAC, REO Network, REOBROKER.COM, NAR, NCAR, several MLS boards
- Certification – Certified REO Specialist, Certified Loss Mitigation Consultant
