From initial default to locating and closing with new buyers, BMS has streamlined and improved the default process, ensuring that properties look their best at all times.
Pre-Marketing
Assignment to an experienced REO agent (selected from over 17,500 trained agents)
Initial inspection of property (within 24 hours)
Open title
Restorative management
Re-keying
Weekly, Bi-weekly or Monthly Inspections
Securing
Lawn care
Winterization
Trash & Debris removal
Address and cure environmental issues (if applicable)
Maintenance preservation
Evictions
Eviction coordination and relocation assistance (cash for keys)
Attorney assignment, timeline monitoring and lockout coordination
Valuations
A Broker's price opinion (BPO) with pictures (interior and exterior)
Automated valuation (AVM)
Appraisal and/or variance valuations as appropriate
Itemized bid repairs from qualified licensed and bonded contractors
Our automated system ensures quick turnarounds (no longer than 5 business days)
Marketing
Prepare and submit marketing plan
Proactive asset marketing - MLS, online listings (aggregator technology covering over 50 different sites), local advertising, open houses and online auctions
Monthly status reports
Offer negotiation and management
Marketing and staging
Around-the-clock nationwide market exposure
Virtual property tours
Flat Fee MLS listings
Online Auction & Offer Management
Closing
Contract review
Closing coordination
Escrow Services
Timeline tracking of closing contingencies and deadlines