Occupancy information will be provided within 24 to 48 hours of order. If the property is found to be occupied, REO-DEPOT can initiate, oversee, and complete a Cash-for-Keys settlement.

Vacant properties will be re-keyed and secured within 48 hours of confirmation of vacancy. REO-DEPOT will then promptly provide the client with an interior BPO includes the following

Description of the property

Market conditions

Condition of property

A recommendation to market the property in as-is or repaired condition

Repair Bids

Winterization

Property Maintenance

REO Depot offers complete BPO valuations.

A BPO report includes a photo of the home, information collected during a drive-by examination of a home's exterior, and data from external sources such as previous sale information, property assesments, comparable neighborhood sales and current area listings. BPOs can decrease both loan costs and turnaround time, and minimize credit risks through reliable valuations.