Brighton Real Estate Services
    The Highest Standards in REO Marketing

[Brighton REO Logo]REO Services

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REO Management

Experienced leadership, incomparable technology and a proactive approach to REO management sets Brighton Real Estate Services ("Brighton") apart from other asset management companies. Brighton manages and grades the performance of all agents and attorneys to assure optimum performance on values and marketing.

Brighton believes that in today's market, micro management and flexibility in repairs of REO Assets is required to obtain the best possible sales results. Lowering sales prices is NOT always the answer.

Pre Foreclosure (if applicable)
  • Agent will visit the REO two (2) weeks prior to sale
  • Automated vendor assignment
  • Provide exterior BPO
  • If vacant, secure and provide interior BPO
Eviction
  • Negotiate "Cash For Keys" using Brighton State matrix
  • Start eviction notice immediately
  • Occupancy monitored weekly
Post Foreclosure Evaluation
  • Obtain two (2) BPO's (1 from listing agent, 1 from independent source)
  • Review comparables on BPO's using Automated Evaluation System
Property Preservation
  • Property Secured
  • Interior property cleaned
  • Exterior property debris removed and yard maintained
  • Winterize as required
  • Insurance management and processing performed
Marketing Plan
  • Written recommendation of marketing strategy provided
  • "As Is" verses "Repaired" analysis provided
  • Recommended repairs with estimates provided
Marketing and Selling REO
  • Adhere to Brighton Performance Standards
  • Agent contacted weekly for update on traffic
  • Marketing plan reviewed every thirty (30) days with supporting documentation
  • Monthly status report provided
Offers
  • Offers responded within one (1) day
  • Mandatory minimum two (2) counter offers
  • Mandatory buyer pre-qualifications
  • Back up offers accepted
Closings
  • Title worked reviewed and cleared within first thirty (30) days of receiving REO
  • Curative work performed by national title company
  • Network of over 100 attorneys and escrow companies
  • Mandatory 30 day closing with penalties enforced
  • Settlement statements reviewed and approved against contract terms
  • Transfer documents and process thoroughly managed
  • Closing entities contacted every week to ensure closing completion
Billing
  • All billing is performed per the client's needs
Reporting
  • Reports customized to meet client's needs and specifications