REO/Lender Services

We have the solutions for your problem properties.

Foreclosed properties can be a great way to save money and turn a profit. However, these properties typically come with unique needs, so you must be smart about it. Our in-house REO and lender services team understands these needs and has the expertise to take the complexities and confusion out of foreclosed properties for owners and investors.

We have experience in foreclosure, receivership, occupancy inspections, interior/exterior inspections and analysis, construction, management, property preservation, marketing, individual and bulk sales, and exit strategy options. Our comprehensive scope of services makes GNP your one-stop solution for handling foreclosed and problem properties.

Inspections – Occupancy and Exterior/Interior

Any REO situation should start with an examination of the property, and GNP Realty Partners can provide a wide array of inspections. For instance, owners finding themselves dealing with an REO should immediately schedule an occupancy inspection. Though the previous owner may seem to have abandoned the property, the foreclosure of a unit can bring out problematic behavior. Properly verifying vacancy facilitates further owner action.

GNP also conducts external and internal inspections, determining the current state of a residential unit. We will report on any damages or deficiencies, and we provide owners with extensive written and photographic documentation.

Property Maintenance, Repairs and Preservation

Sometimes our clients choose not to market REO properties due to changes in market conditions or fiscal rationales based on a current portfolio. GNP will happily manage any necessary maintenance on properties, including winterizing, cleaning gutters, servicing HVAC units, and addressing leaks. Our property preservation services address issues such as securing the building and disposing of trash, debris, and hazardous materials.

Additional REO Services

As the solution for your problem property, GNP will also help:

• Deliver a thorough property condition analysis and accurate budget for construction and remediation
• Provide project management and manpower for construction to ready the property for leasing or sale
• Effectively manage within a tight budget
• Employ a marketing plan to lease in a tight market and stabilize the tenant rent roll
• Provide property management services on a short or long-term basis
• Handle exit strategies and manage individual and bulk sales through direct brokerage or assist in selection of qualified agents

Let GNP Realty Partners help with REO or Lender services, including occupancy and exterior/interior inspections, property maintenance, preservation, and repairs. Our experience and expertise are demonstrated by our LEED Gold EB certification and Building Owners and Managers Association’s (BOMA) TOBY Award, which acknowledges quality in buildings and building management. Your gain is our goal.