Tennessee Valley Realty Associates

REO Services

250-Roofers-REO.jpgDealing with Real Estate Owned (REO) properties is a specialized field in which TVRA has a proven track record of serving Institutional and Private Investors. We represent banks, mortgage lenders and investors with REO properties, from acquisition at public sale (or through a Deed in lieu of foreclosure), to the closing table when property is transferred to a Buyer.

TVRA works to insure your REO property remains in the best condition possible, so you’re able to get higher purchase offers and reduce the time your property is on the market. We work with appraisers and local real estate brokers and agents to insure property marketing of your property to potential purchasers and fair market valuations of your investment.

Our REO specialists focus on getting your property on the market in marketable condition as soon as possible after foreclosure, sale or an eviction. Then, we manage the process all the way through to the completed sales transaction.

Among the services we offer REO departments are:

  • Clean, secure and lock property at time of taking possession

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  • Research and mitigation of fines and violations with municipalities and condominiums or property owners associations
  • Cost estimation and bidding process with licensed and insured contractors, for needed repairs to bring into compliance and get ready for market
  • Regular upkeep and maintenance
  • Market properties for sale and orchestrate transaction from contract to closing
  • Rent residential properties when in the best interest of the private or institutional owner.
  • For commercial income producing properties we develop a specific leasing plan after rehab, to get ready to market, targeting specific brokers
  • Construction and rehab supervision services

250-Engineer-REO.jpgMaintaining and selling REO properties can be difficult and, at times, burdensome. TVRA can help make the process easier for your REO department.