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Services

Upon receiving a property Precision takes the following steps:
  • Property is assigned to a seasoned agent who has a past track record and is accustomed to our REO client procedures. Our database continuously ranks the agents based on their past service level performances.
  • Determine occupancy status within 12 hours
  • Re-key and secure property within 12 hours
  • Provide a Broker’s Price Opinion establishing market value and list price by using market data as well as drawing from our experience of selling other similar properties in the surrounding areas. Drive by BPO is provided within 5 days and an interior BPO within 7 days.
  • Include interior and exterior photographs
  • Inspection report with written repair bids for review and approval
  • Order termite inspection, if required
  • Order/Review Preliminary Title Report
  • Customized status reports of all client properties, provided upon request
  • Monthly status report
To insure the marketability of the property Precision manages and coordinates the following:
  • Negotiate cash for keys exchange, if applicable
  • Nationwide Eviction Attorney Network with proven track record
  • Monitor: status, eviction and lock-out
  • Interior cleaning and a complete de-trashing and winterizing of property
  • Supervising and hiring subcontractors
  • Gardening and removal of exterior debris
  • Pool cleaning and maintenance
  • Precision utilizes personal bank account for agent and vendor reimbursements.
To perform the above mentioned services in the most efficient and effective manner we have on site departments that work as a team to outperform our clients’ goal and expectations.

Asset Managerial Department
Accounting Department
Closing Department
Property Management
Nationwide Property Valuation Service


Experience
  • Over 20 years of sales experience in managing and marketing real estate owned properties.
  • Proven track record of marketing real estate owned properties of numerous lending institutions. Below are just a few of many lending/financial institutions we are approved with. (References available upon request).
    • Accredited Home Lenders
    • Bank of America
    • Fifth Third Bank
    • Chase Home Finance
    • Countrywide Home Loans
    • Freddie Mac – Broker ID# 1010030
    • Ocwen
    • Option One Mortgage
    • Washington Mutual, Inc.
Technology
  • State-of-the-art web-based computer system
  • Customize report builder to meet client’s requests
  • Paperless environment – Includes but not limited to the following electronic transfers
    • Property Analysis
    • Customized Reports
    • Weekly/Monthly Statuses
    • Photos
    • HUDs
    • Large nationwide database of seasoned REO Agents who are ranked based on past sales performance.

 
 
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