Residential REO Management
PMH Financial specializes in the marketing and management of real estate portfolios owned by mortgage lenders, investment bankers, government agencies and other financial institutions.
Assignment to an experienced REO agent (selected from over 18,000 graded agents)
Initial inspection of property (within 24 hours)
Open title and curative management
Re-keying, securing, winterization and trash/debris removal
Eviction coordination and relocation assistance (cash for keys)
Attorney assignment, timeline monitoring and lockout coordination
A Broker's price opinion (“BPO”) with pictures (interior and exterior) and automated valuation (i.e., AVM)
Appraisal and/or variance valuations as appropriate
Itemized bid repairs from qualified licensed and bonded contractors
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
Contract review and closing coordination
Timeline tracking of closing contingencies and deadlines
HUD-1 reconciliation and execution
Overall Process Management
Constant monitoring and supervision of all aspects of the REO process
Innovative web-based asset tracking and reporting system
Expense management – payment of property level expenses, submission of reimbursement documentation, invoice scanning, pictures and checks