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ELAM REO Services, Inc. is an organization formed specifically to target the needs of diverse financial organizations that require local broker valuations of its assets that are in various stages of loan servicing. ELAM REO Services utilizes local real estate brokers to provide current value and condition data for assets that are in Pre-foreclosure, Real Estate Owned (REO), or for loan portfolio analysis. We understand that providing high quality property valuations or Broker Price Opinions (BPO’s) that are delivered on time is of utmost important to our clients. However, a need that is just as important, is having an outsourcing partner that will help turn a REO property into a profitable performing asset that will provide needed cash flow to the organization. ELAM REO Services can be of assistance to our clients in this area, as well.

Critical to carrying out a successful strategy to managing these REO’s or foreclosures is pinpointing a qualified real estate broker that is familiar with marketing REO properties. ELAM REO Services can assist our clients with finding those dependable, experienced realtors they can rely on to complete this important task! We will work closely with the local real estate broker assigned to the property, to ensure that the asset is being marketed and maintained effectively and according to the standards of the client.

Our group, since 1997, has overseen the inspection and maintenance of foreclosed properties in Northern Illinois. We look forward to the opportunity to work with qualified real estate brokers, appraisers, and attorneys to provide comprehensive BPO’s and REO management and marketing. ELAM REO Services believes that our clients desire local accountability when it comes to handling distressed real estate assets, therefore our organization specializes in providing services for properties located in the state of Illinois. In addition, our organization offers our clients the benefits of high technology effectiveness via our Online Property Valuation and Reporting System in combination with good old-fashioned hard work to provide the best in client service! The bottom line is……….ELAM REO Services will provide you with a simplified, straightforward approach to help you turn your non-performing real estate assets into effectively maintained and marketable performing assets!

 

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