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ELAM REO Services, Inc. provides pre-marketing services for a financial institution’s Real Estate Owned (REO) properties. ELAM’s desire is to understand the objectives for each and every REO property assigned to us. We know that thorough communication between all parties involved (client, broker, attorney, appraiser) is key to maintaining an effective pre-marketing strategy. ELAM not just manages your REO’s from time of foreclosure through closing, but we take a sincere interest in making sure the client receives all the answers needed to be assured that the property is being marketed and maintained with the utmost care. If there is a problem with a property that needs to be addressed by ELAM, we will send a representative to visit the property, if necessary. ELAM will work closely with the assigned local real estate broker to make sure the pre-marketing and marketing process runs smoothly. Pre-marketing REO Services include the following:

          • Occupancy status reporting within 24 hours!
          • Eviction coordination with client’s attorney or one of ELAM’s qualified attorneys
          • Property rekeying
          • Winterization/Dewinterization of property
          • Emergency repair evaluation/board-ups
          • Interior BPO with digital photos
          • Debris removal
          • Coordination with city inspectors for code violation compliance
          • Local contractor estimates of necessary repair work
          • “Before” and “After” photos of all repair work

 

 

 

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