REO

 R.E.O. Services: 

Medina Realty specializes in Real Estate Owned (REO) by banks, government institutions and other financial entities.

We have a strong, professional, and dedicated full-time support team with thirty-years combined Real Estate experience and success. We have a multilingual staff and specialize in the emerging markets of Twin Cities. We use aggressive marketing techniques, experienced management procedures along with a strong buyer client list to ensure our R.E.O. clients maximize their property and minimize their losses. We have the financial resources and network of professional contractors to service a large inventory of R.E.O. assets.

Here are some of the services that we provide to our clients:

  • Occupancy inspections and coordination of eviction or cash for keys.
  • Securing of property, including: re-key, board up broken windows and securing of out buildings.
  • Broker Pricing Opinion (BPO) with exterior and interior descriptions and photographs.
  • Contract for debris removal, maid services, winterization and lawn service.
  • Provide monthly status reports, weekly inspections and monitoring of property from date of foreclosure through redemption period.
  • Provide various marketing techniques, such as: multiple listing service, internet marketing, yard sign, realtor lock box, property profiles and flyers.
  • Handle all phases of the transaction including purchase contracts, negotiations, title review and closing coordination.
  • Interpret REO/Real Estate information to clients who may have some language barriers.