Bank/REO Services
Bank Deals!We have deals! Some of our bank owned properties are priced very aggressively. But not all bank owned homes are a 'deal'. Banks are not in the business of losing money, but they do lose on almost every foreclosure. Each property has a set of cost associated with it from the foreclosure process, past due mortgage payments, legal fees, listing fees, administrative cost, etc. This adds up and sometimes the banks are unable to sell for much more of a loss. Carefully examine a property prior to making an offer and be prepared to negotiate. Remember, not all bank owned homes are a deal and not all deals are bank owned homes! Reo means Real Estate Owned. It is a bank term for properties that they have ownership of through foreclosure. Radz Real Estate works with REO listings and also investors looking to purchase REO's, HUD homes or other deals.
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Radz Real Estate, LLC works with Bank Owned (REO) properties!Bank Client Services.Radz Real Estate, LLC works with all types of buyers and sellers-from first time buyer to seasond investor, REO, Bank owned, standar seller and all property types. Currently, the bulk of our listings come from banks and are considered REO properties. Please visit our Featured Homes page to see our listings and contact us with any questions. We are also experienced working with HUD homes and REO properties as a buyers agent, you can search for HUD and REO properties in Colorado by clicking here. For our banks and lender clients... In a nutshell
We have represented banks on foreclosure listings from lock out to final sale. We have a list of local contractors to complete any repairs to the sellers satisfaction. We routinely visit the properties to ensure their security and cleanliness, have a regular crew that cleans and maintains the yards, meet buyers and have a showing service that operates 7 days a week. Our goal is simple-to sell bank owned properties in a timely manner while communicating with the sellers effectively and promptly so that everyone benefits. You may also see Greg's boi at on line and in print with the REO Red Book. Client list (current and prior-some are out of business):
Addendums and forms!The banks we currently work with have all requested we send the addendums upon receipt of an offer or negotiation of a price and term. Please contact us prior to writing an offer as we may be able to provide the addendum for the property which you are submitting an offer on in advance. Some of our banks offer preferred financing up to 100%. Please contact us for information regarding the financing.
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