- REO Security- We will inspect the property parameter, secure all entrances, rekey the locks, and install a lockbox with the client’s code.
- Debris Removal – Upon arrival to the property, all debris will be removed, including all bulky items; the property will be swept clean and sanitized.
- Lawn Maintenance – The initial yard cut will be performed on the REO, and weekly lawn maintenance services will be provided during the summer.
- Winterization – we will begin winterizing homes from October 21 through February 28, and depending on the weather, we may extend to March 15.
- De-winterization – as weather permits, we will de-winterize the properties on March 1, clean water deposits, and connect all plumbing.
- Courier Personal Service – we will hand-deliver all early client notices to the buyer and provide the clients with adult contact information.
- Pool Maintenance – based on code compliance and the client’s requirements, we will pump the water out and secure the pool with a cover or provide weekly chemical treatment and secure the screening with a padlock. This includes all pools and hot tubs.
REO Property Maintenance
(Field Asset Services)
Maintenance is an essential recurring process of the REO marketing efforts. We aim to preserve the homes and maintain them in good sanitary and safe order throughout the marketing stage. Keeping the houses maintained and secured, we help prevent further losses due to vandalism and ensure municipal compliance is kept. CAMREO, through its construction services division, administer a national network of preservation contractors who are experts in their field, licensed and insured. Our REO maintenance department maintains regular communications with our preservation vendors to ensure that all properties are maintained adequately. With our well-strategized field service preservation, you will have the upper hand in well-marketing your REO inventory to all buyers and not just investors.
REO Field Services – CAMREO offers field asset services to mortgage holding companies, investors, and financial institutions nationwide on pre-foreclosure and REO properties. Our REO field services include lawn care, winterization, pool maintenance, security/rekey, trash-outs or debris removal, board-ups, evictions, and cash for keys. Our approved network contractors are ready to help you. Call us today!