REO Services

Bryan Van't Hof, Jason Borowitz and the team at FishMLS REO are your local resource for overseeing Anoka County, Wright County, Hennepin County, Chisago County, Isanti County, Ramsey County Washington County, Scott County and Dakota County REO Assets. We have property preservation contractors available to be your full service Property Preservation Vendor, and a full real estate team to be your REO broker and manager for all your assets in the greater Twin Cities Metropolitan Area of Minnesota.

FishMLS REO Division is a professional, full-service, default management company that offers complete solutions to REO management and marketing. Our team provides real estate owned properties: sales, marketing, outsourcing and REO property management services in the Twin Cities Metropolitan Area. We are a customer-oriented organization that manages and markets real estate owned properties in the most efficient and precise manner.

Upon receiving a property/Assignment, our REO Team will take the following steps:

• Verify/Determine occupancy status within 12 hours
• Inspect and Photograph as much of the property as is accessible
• Re-key and secure property within 12 hours (Vacant Properties)
• Post Notice and Contact Tenant for Voluntary Vacancy (Cash for Keys – CFKs) negotiations (Occupied Property)
• Broker Price Opinion (BPO)- Drive by within 3 days, Interior/Full provided within 5 days.
• Include interior and exterior photographs
• Inspection report with written repair bids for review and approval
• Obtain all Inspections Desired
• Order/Review Preliminary Title Report
• Prepare Client specific reports
• Monthly status / Marketing report (MSRs / MMRs)
• Develop Marketing Strategy and implement Necessary Internet and print advertising
• Team Leader/Broker assigns seasoned Agent to Market Property directly to interested Buyers
• Thoroughly Evaluate Buyer/Offer/Buyers Lender to help secure a strong buyer and closed transaction

To insure the marketability of the property, we manage and coordinate the following:

• Negotiate cash for keys exchange, if applicable
• Coordinate Eviction - Work with your attorney or recommend one
• 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

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’ goals and expectations. To learn more about our team's approach to REO management send us an email at info@fishmls.com.