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Distressed and REO Properties

What Are
Distressed and REO Properties

Real Estate Owned (REO) properties are homes owned by lenders, such as banks or government loan insurers, after a foreclosure auction. Foreclosure happens when a homeowner cannot meet loan payments, and the property is auctioned with an opening bid. If the bid is not met, the property becomes an REO. A key advantage of REO properties is that they often have a clean title.

REO and Distressed Property Services

Managing REO properties involves multiple steps to ensure they are ready for sale. This includes completing Broker Price Opinions (BPOs), overseeing necessary repairs, and utilities and property upkeep. Pre-marketing tasks such as eviction processes and preparing the property for sale are handled carefully to protect the asset.

Once listed, REO properties are actively marketed, and all requirements set by lenders and the Department of Real Estate are followed. Regular updates, including reports and photos, keep all parties informed until the escrow process is complete.

Ann Marie is one of California’s leading Certified REO, Short Sale, Foreclosure Specialist. Ann Marie’s proven track record speaks for itself as she is a trusted resource for attorneys, judges, and families in distress situations.
Highlights of Ann Marie’s achievements are:

An over 7-year paralegal career with an emphasis in Family Law, Probate, Estate Planning, Estate Litigation and Corporate Law.
Certified REO, Short Sale, Foreclosure Specialist
Certified Divorce Financial Specialist
Certified Estate Specialist
Certified Probate and Trust Specialist
Masters of Business Administration (MBA) Nonprofit Management
Bachelor of Science in Business and Culinary Management

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Work With Ann Marie

Ann Marie specializes in helping clients with luxury, investment, and/or distressed properties, offering fast and reliable services across Los Angeles, Ventura, Orange, and San Diego Counties. Contact her today to discuss your situation and prepare your property for sale.

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