Clients

Many foreclosures can be alleviated with a short sale. Short sale is a term used by lenders who accept a lesser amount than is due on the mortgage note. Lenders will sometimes offer a short sale agreement to borrowers who have defaulted on their mortage and facing foreclosure. This type of real estate transaction is usually negotiated with the bank 's loss mitigation department. When successful, the borrower is able to sell their home for an agreed amount and walk away without causing extensive damage to their credit. Please contact one of the trained agents at St. Louis Realty to find out if you qualify for a short sale.

What we will do for you:

• Communicate with your lender on all the short sale requirements
• Gather all pertinent information from you regarding your hardship
• List your home with lenders authorization
• Market your property
• Obtain an offer from a buyer
• Submit a proposal to your lender and negotiate the offer
• Close the deal

Asset Managers – REO Services

The key element to St. Louis Realty REO success is the level of customer service we provide. There is no property too small for our team, and there is no limit to the effort we will expend to move a bank asset. We combine local market expertise with state-of-the-art technology while supported by a team determined to get the job done.

Scope of Services 

• Occupancy - same day occupancy checks, weekly reporting
• CFK (Cash-for-keys) - aggressive negotiation with occupants in effort to save the Client from having to evict
• Eviction - cooperation & coordination with Sheriffs' Departments if needed
• Loss Mitigation - mortgagor negotiation and deed-in-lieu assistance
• Rekey - coordination of contractor using client-specific key codes & lockbox combos
• Secure - assuring that all properties are secured with no possibility of entry other than a keyed entry.
• BPO (for REO and 3rd Party Providers) - drive-bys and interiors performed quickly and efficiently by our dedicated BPO department. 48 hour guarantee for listings
• MMRs - timely marketing reports for up-to-date information on new comparables and showing feedback
• Negotiation - all offers negotiated using client-directed offer communication method
• Closing Coordination - pending transactions thoroughly managed for timely closings
• Trashout - management and inspection
• Landscaping - oversight of all lawn maintenance and landscaping per Client guideline
• Repairs and Rehabs - extensive contractor database with 5-day turnaround for Bids. Management during repair process; inspection upon completion
• Communication - State-of-the-art technology for up-to-the-minute Client needs
• Customer Base - large pools of buyers, agents, and investors  - comprehensive oversight of buyers' lender and agent
• Information Technology - customized online system developed specifically for REO management & sales
• Showings - buyer's agent's licensed under our Firm available in all areas serviced