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REO and BPO Services

Professional, Accurate, Responsive
REO is All We Know!

Foreclosure / Pre-Foreclosure:

  • Occupancy Checks Within 24 Hours
  • Emergency Property Preservation When You Need It
  • Fast Drive-Bys Guaranteed Accurate
  • Eviction Services-Moving-Storage
  • Inspection Services
  • Full Time 24/7 Maintenance and Repair Crew Available
  • Title Service Available Through:
    Shore to Shore Title, Inc.
    Steven B. Greenfield, P.A.
    7000 W. Palmetto Park Rd.
    Suite 402
    Boca Raton, FL 33433
    (561) 392-6391
    facsimile (561) 392-6965
    Dawn@Greenfield.net
Loss Mitigation:
  • Note Sales
  • Deed In Lieu
  • Cash for Keys Negotiations
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+ BPO’s 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
 
Broker Price Opinion Services (Accurate BPO'S):

We are aware of the importance of your due diligence requirements and Frank Verna, PA will supply fast and accurate market and property analysis to meet those needs. REO has the ability to evaluate any type of Real Estate including single family residential, multi-family as well as commercial properties.

  • 24 Hour - 7 day a week availability
  • Quick turn around time
  • Servicing Palm Beach, Martin and Broward Counties
  • Accurate values for your due diligence
  • We have successfully performed hundreds of accurate drive-bys
  • Pre-foreclosure interior/exterior Market Evaluations Available
Property Preservation / Renovation:

Frank Verna, PA excels in reducing your holding time with a proven record for getting the job done in less time, for less money. With our full time team of sub-contractors, we can accomplish what other brokers cannot. We can make your job easier.

We inspect all authorized work for proper and efficient procedures as well as weekly inspections of all our properties. Why take the job on your-self when you can let our experience take over for you.

Preservation:

  • Lock changes
  • Security and/or board-ups to FHA standards
  • Debris removal
  • Interior cleaning
Renovation:
  • Recommend list of repairs
  • Solicitation of bids
  • Monitor repairs
  • Review invoices
  • Notification of satisfactory completion of work performed
Pre-Eviction / Eviction:

The eviction process can take three to six months, not to mention the legal fees, clean out cost, movers, as well as potential vandalism and damage to the property by occupants. Frank Verna, PA can assist you with your loan once it becomes non-performing. Our staff follows the entire foreclosure process with you and has been quite successful with selling properties with the mortgagor in possession. Frank Verna, PA works on short sales, deeds in lieu and mortgagor interviews. We also have an extensive list of investors waiting to buy your first mortgage notes prior to foreclosure.

  • Occupancy Status Reports within 24 Hours
  • Tracking of Evictions
  • Coordinate Evictions with Processor, Foreclosure Attorney
  • Attend Eviction as Representative of Bank, making sure the process runs as smoothly as possible.
  • Hire eviction crew and insure that they show up on time and complete the work as quickly as possible.
  • Work with Deputy to Schedule Eviction time and meet State and local laws.
Cities Serviced in State of Florida
Palm Beach County
Atlantis Belle Galde Boca Raton
Boynton Beach Briny Breezes
Canal Point Cloud Lake
Delray Beach Glen Ridge
Golfview Golf Village
Green Acres Gulf Stream
Haverhill Highland Beach
Hypoluxo Juno Beach
Jupiter Jupiter Inlet Colony
Lake Clarke Shores Lake Park
Lake Worth Lantana
Manalapan North Palm Beach
Ocean Ridge Pahokee
Palm Beach Palm Beach Gardens
Palm Beach Shores Palm Springs
Riviera Beach Royal Palm Beach
South Bay South Palm Beach
Tequesta Wellington
West Palm Beach  
Broward County
Coconut Creek Cooper City
Coral Springs Dania
Davie Deerfield Beach
Hallandale Hillsboro Beach
Hollywood Lauderdale By The Sea
Lauderdale Lakes Lauderhill
Lazy Lake Lighthouse Point
Margate Miramar
North Lauderdale Oakland Park
Parkland Pembroke Park
Pembroke Pines Plantation
Pompano Beach Sea Ranch Lakes
Southwest Ranches Sunrise
Tamarac Weston
Wilton Manors
St. Lucie & Martin Counties
Hope Sound Hutchinson Island
Jensen Beach Jupiter Island
Palm City Port St. Lucie
Sewall's Point Stuart

 

Zip Codes Serviced in State of Florida
Port St. Lucie County
34952 34953 34982 34983 34984 34986
Martin County
33458 33469 33477 33478 33455 34997
34990 34996 34994 34957 34953  
Palm Beach County
33401 33411 33428 33445 33470 33403
33412 33431 33446 33477 33404 33413
33432 33458 33478 33405 33414 33433
33460 33480 33406 33415 33434 33461
33483 33407 33416 33435 33462 33484
33408 33417 33436 33463 33486 33409  
33418 33437 33467 33496 33410 33426  
33444 33469 33498
Broward County
33004 33029 33071 33314 33326 33351  
33009 33060 33301 33315 33327 33019  
33062 33304 33316 33328 33020 33063  
33305 33317 33329 33023 33064 33306  
33319 33330 33024 33065 33308 33321  
33331 33025 33066 33309 33322 33332  
33026 33067 33311 33323 33334 33027  
33068 33312 33324 33341 33028 33069  
33313 33325 33342

 

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Copyright © 2007 Frank Verna, PA
Serving Jupiter, Tequesta, Juno Beach and Palm Beach Gardens
Ph: 561.244.0076 - Fax: 561.537.7023 - Toll Free 888.809.3795