REO Disposition:
Frank Verna, PA |
REO Real Estate
is a
Full time
REO broker servicing
the Palm Beach,
Saint Lucie, Martin
and Broward County
areas of Florida.
Experienced with
all aspects of REO
asset management and
sales and well
funded to
support your REO
assets. There is
no learning curve
with us and no
delays due to
insufficient funds
to carry out needed
tasks. We have
advanced funds for
our clients for
Rekeys to Rehabs
from $30 to $30,000
to get assets
prepared for
marketing without
delays.
Experience
Licensed broker
for 16 years having
successfully closed
over 1,500 real
estate transactions
Currently handling
REO management and
disposition to a
growing list of
satisfied clients
with an average
monthly inventory of
50 or more assets
and ability to
handle up to 200.
Two office
locations in Palm
Beach and Broward
Counties, full time
support team of 4
licensed agents, one
full time
administrator, full
time office manager
and two part time
administrators and a
network of
professional
contractors
Member of the
National Association
of Realtors, The
Florida Association
of Realtors, the
Jupiter Tequesta
Hobe Sound
Association of
Realtors, Regional
MLS, National REO
Brokers Association,
National Real Estate
Investors
Association and the
American Society of
REO Specialists and
multiple local
investment clubs.
100+ BPOs
completed every
month with less than
2% returned for
review for over 30
repeat clients.
Services
Property
Preservation
Occupancy
Inspections
Secure Property
Board Up
Cash for Keys
Evictions
BPO's
Clean Outs
Winterization(if
applicable)
Ongoing
maintenance and
property inspections
Monthly/Weekly
reporting
Advertising and
Marketing to agents
and our in house
database of local
investors
MLS
Services Used to
Determine Property
Values and Complete
Orders
MLS
Direct Electronic
Access to Public
Records (Realist)
Direct Electronic
Access to County
Zoning /
Environmental Maps
Flood Zone Maps
Assessor Parcel
Maps
Win2Data
Intranet Realty
Information Services
(IRIS) VPN data
exchange with all
county property
records in State of
Florida
MultiForm, Res.net,
REOTrans, Quandis,
AspenGrove,
DispoSolutions,
Hometracker
Professional
Designations and/or
Affiliations
Member NRBA
National REO Brokers
Association
Member NAHREP
National Association
of Hispanic Real
Estate Professionals
Five Star
Professional
Designation
ASREOS American
Society of REO Specialists Member
Res.Net Certified
REOTrans.com
Certified
NAR National
Association of
Realtors Member
FAR Florida
Association of
Realtors Member
JTHS Jupiter
Tequesta Hobe Sound
Association of
Realtors Member
Regional MLS
Designated Broker
Palm Beach, Martin,
Saint Lucie and
Broward Counties.
Fannie Mae
Approved Broker
Cash
for Keys Statistics
92% successfully
vacated within 15
days of assignment.
3% successfully
vacated within 30
days of assignment.
5% required
eviction.
Average REO List
Price to Net Sales
Price Statistics
94% list to net
sale price average
for last 12 months
Average REO Days On
Market Statistics
Overall average
list to contract DOM
for all REO assets
at all price levels
is 64 days
Quintile 1 from $0
- $150,000 Average
DOM is 21
Quintile 2
$150,001 - $250,000
Average DOM is 35
Quintile 3
$250,001 - $500,000
Average DOM is 49
Quintile 4
$500,001 -
$1,000,000 Average
DOM is 96
Quintile 5
$1,000,000+ Average
DOM is 121
Client List
Includes:
| Bankers
Asset
Management |
Chrisley
Asset
Management |
|
Financial
Asset
Services |
First
Preston
Management,
Inc |
| PAS -
Wells Fargo |
Integrated
Asset
Services |
| US Real
Estate |
Native
American
Asset
Management |
|
SingleSource
Property
Solutions |
|
Frank Verna, PA will:
-
Service all your
REO needs in
Palm Beach,
Martin, Saint
Lucie and
Broward Counties
-
Check and report
occupancy within
24 hours of
assignment
-
Coordinate the
eviction with
the sheriff, the
foreclosure
attorney, the
movers, and will
be present
during the
eviction and
have the
property
immediately
rekeyed
-
Deliver a
comprehensive
market analysis,
along with a
full set of
pictures and a
repair addendum
with estimated
cost.
-
Obtain
competitive bids
from reliable
contractors for
repairs and
renovations
-
Visit the
property a least
once a week and
provide detailed
reports on a
monthly basis
-
Supervise and
notify you at
completion of
approved repairs
and renovations
-
Advertise your
property not
only in local
MLS but also on
the world wide
Internet, local
newspapers,
mailers, flyers
and notify our
extensive list
of investors and
our locally
famous "HOT
LIST"
-
Serve as liaison
in contract
negotiations
-
Monitor
sold/pending
properties on a
daily basis from
contract
preparation to
closing
-
Employ a staff
of knowledgeable
and experienced
administrative
personnel who
are dedicated to
serving your
needs