REO Property Division

Victor Vasu – Director of Sales
First Team Estates
REO PROPERTY DIVISION
4 Corporate Plaza, Ste. 100
Newport Beach, CA 92660
949-677-5268 Direct 949-760-5494 FAX
E-MAIL: Contact Here

REO REFERENCES

bpocontact REO Property Division
Indymac/OneWest BankSteve Caruso
Comerica BankCharlie Heckenlaible
Nationstar MortgageKatherine Green
Beach Cities Bank Rafael Garcia
Fannie MaeTerrell Jones

REO EXPERIENCE

We recover $14,500 on average more per asset, averaging 14.4 days on the market which is 4% higher then the MLS average for an REO sale and 30 days faster. Over the past 19 years, we have sold over 200 REO type properties for various firms from around the country.

Banks we are currently working with:
  • First American
  • Fannie Mae
  • Indymac Bank
  • Nationstar Mortgage
  • Wells Fargo
  • Comerica Bank
  • SBA
Banks we have worked with in the past:
  • Imperial Bank
  • Eldorado Bank
  • Liberty National Bank
  • Excel Bank
  • American Savings
  • Zion’s Bank
  • Downey Savings

CURRENT SERVICE INCLUDE: SIX FULLY LICENSED TEAM MEMBERS & STAFF

  • Superb Negotiating Skills
  • Direct Communication
  • Relocation Services
  • Over 41 Years Real Estate Experience
  • Over 19 Years Experience in REO / Asset Management
  • Property Management Services
  • Construction / Rehab Control
  • Research / Analysis
  • BPO Service that is Fast, Accurate & Reliable
  • REO Sales / Marketing
  • Unparalleled Problem Solving Ability
  • Superior Knowledge of the Area
  • We ship only via overnight carrier or e-mail / internet – never late or lost
  • Re-key within 24 hours
  • Utilities, services and maintenance ordered within 48 hours
  • Contractor bids on any needed repairs / clean-up submitted within 72 hours
  • R&I scheduled within 24 hours of client approval
  • Complete CMA / BPO / Appraisal and marketing report performed, all listing documents prepared
    and forwarded within 48 hours
  • Property Management Services available as needed

CONSTRUCTION / REHAB / REPAIR

For those properties deemed to be in need of repair in order to meet local regulation and/or to facilitate maximum return on sale, we have access to a database of over 100 licensed contractors and service professionals to provide necessary repairs and or improvements.

The bids are then submitted to client for approval. Upon approval, arrangements are made to have work performed by approved contractor, with ongoing supervision.

All repairs/improvements are inspected upon completion and notice of satisfactory completion forwarded along with contractors bill.

Instead of 4-6 weeks to rehab a property – we’ll have it done and out on the market in less than 15 – 21.

BPO / APPRAISAL

All reports are completed and computer printed as per client form, and transmitted via fax, overnight, or electronically within 72 hours of assignment confirmation. If sent by fax or e-mail, duplicate hard copies of reports with original photos are sent via Overnight Carrier.

The following are performed as per client’s request:

EXTERIOR:

  • BPO – Non-contact: CMA, exterior photo, street photo, spot map
  • BPO – Contact: Same as non-contact, verification of occupancy
  • BPO – Contact/Interview: Same as contact, additional questioning as per client parameters

INTERIOR:

  • BPO – Contact/Full: All of the above, with full exterior and interior photos or video, repair
    recommendations and cost estimates

It is our goal to accommodate our client’s wishes. If your needs do not fall within these guidelines, we will make every effort to conform to your needs.

Areas We Service

Orange County Zip Codes:
 
90620,90621,90623,90630,90631,90680,90720,90740,90742,90743,92602,92603,92604,92606,92610,92612,
92614,92617,92618,92620,92624,92625,92626,92627,92629,92630,92637,92646,92647,92648,92649,92651,
92653,92655,92656,92657,92660,92661,92662,92663,92672,92673,92675,92676,92677,92678,92679,92683,
92688,92691,92692,92694,92698,92701,92703,92704,92705,92706,92707,92708,92709,92710,92780,92782,
92799,92801,92802,92804,92805,92806,92807,92808,92809,92811,92821,92823,92831,92832,92833,92835,
92840,92841,92843,92844,92845,92850,92856,92861,92862,92865,92866,92867,92868,92869,92870,92886,
92887,92899
 

Los Angeles County Zip Codes:

91001,90004,90010,90016,90020,90022,90023,90024,90025,90026,90027,90028,90029,90031,90032,90033, 90034,90035,90038,90041,90043,90045,90046,90048,90049,90057,90064,90065,90066,90067,90068,90069, 90077,90210,90211,90212,90230,90232,90240,90241,90242,90245,90247,90248,90249,90254,90265,90266, 90272,90274,90275,90277,90278,90280,90290,90291,90292,90293,90501,90502,90503,90504,90505,90506, 90601,90602,90603,90604,90605,90608,90631,90638,90640,90650,90701,90704,90706,90710,90712,90713, 90715,90716,90717,90731,90732,90744,90745,90746,90747,90755,90802,90803,90804,90805,90806,90807, 90808,90810,90813,90814,90815,90822,90831,90832,90846,91006,91007,91011,91016,91020,91030,91040, 91042,91046,91101,91103,91104,91105,91106,91107,91201,91202,91203,91204,91205,91206,91207,91208, 91214,91302,91303,91304,91306,91307,91311,91316,91324,91325,91326,91331,91335,91342,91343,91344, 91345,91352,91356,91361,91362,91364,91367,91372,91401,91402,91403,91405,91406,91411,91423,91436, 91501,91502,91504,91506,91510,91523,91601,91602,91604,91605,91606,91607,91740,91741,91744,91745, 91746,91748,91754,91755,91756,91765,91770,91789,91790,91791,91792,91793
 

Riverside County Zip Codes:

92503,92504,92505,92860,92879,92880,92881,92882,92883
 

Victor Vasu – Director of Sales
First Team Estates