REO Services

Powerhouse REO also provides a variety of services on bank foreclosures. Please contact us with any questions or inquiries on our service packages including:
• Appraisals
• Broker Price Opinions
• REO Asset Management & Maintenance

Appraisals
Powerhouse REO works with skilled appraisers, who can deliver an accurate appraisal to your E-mail, Fax or E-fax in 96 hours or less with a hard copy and pictures in five working days in the Greater Los Angeles Area.

Broker Price Opinions
Powerhouse REO offers to our clients, an accurate opinion of value on residential, multifamily, vacant land and commercial properties through our experienced REO Broker Network in Southern California. Because of our experience in marketing properties in the Greater Los Angeles area, we have built a network of REO agents, hand-picked because of their reputation and proven track record to provide broker price opinions that are professional and accurate. We have scrutinized agents around Southern California and now have five working with us to bring you the most competent evaluation team available. It is important to Powerhouse REO to find and utilize the best available REO agents for each county.
When you need it done, your schedule is our schedule. Whether you need your price opinion in seven days or 24 hours, we are able to accommodate your needs. You can be assured you will receive an email or fax copy in four working days. We are able to accommodate rush jobs as needed for an increased fee. Our offices are open from 8:30 AM to 6:30 PM PST. When your BPO order comes to us, our staff is here to serve you. Large or small, our team is ready to handle your request.
Unsurpassed quality control on each and every broker price opinion received and processed through the Powerhouse REO is audited to ensure accuracy. We scour the MLS and Public Record to find the most recent "like-kind" comparable listings and sales in close proximity of the subject property. We scrutinized the comps to assure the accuracy of the information so you can make the proper decision regarding the property.
• Standardized BPO report forms.
• Current Condition of the property at time of the BPO analysis.
• Comparable sales and listings including days on market and proximity to property.
• Exterior Pictures (front, street view left, street view right, across from subject, and full interior if desired.
• Forecast of property values and market trends for the area.
• Explanation of any environmental, structural, mechanical or cosmetic problems that may affect the value of the property (external or functional obsolescence).

REO Property Services & Maintenance
Powerhouse REO Team provides the following REO Residential Property Services:
• Initial inspection of property (within 24 hours).
• Cash for Deed, Cash for Keys and Eviction assistance.
• Weekly Drive-by inspections to determine occupancy status and condition of the subject property.
• Securing and re-keying of properties.
• Board up and re-securing.
• Winterization/De-Winterization.
• Initial cut and clean up.
• Lawn Service.
• Leaf removal.
• Snow removal.
• Detailed Broker's Price Opinion with interior/exterior photos.
• Detailed and itemized repair bids from licensed and bonded contractors.
• Schedule and supervise any necessary repairs, cleanup and maintenance of the property.
• Activating and paying all utilities where sump pumps and repairs are needed.
• Appraisals.
• Submitting reimbursement documentation in a timely manner.
• Prepare and submit an expert opinion marketing strategy.
• Computerized tracking system using REO Maestro! Back Office Management System.
• Written review and submission of all offers & counters.
• Written summary reports (weekly activity or monthly marketing).
• Constant monitoring & supervision of all aspects of the REO process.
• We participate and coordinate with REO Auctions.
• Weekly activity reports, monthly status reports and evaluation, including recommendations on any repairs or maintenance to improve value and reduce DOM, and properly market the property.
• Weekly monitoring of the property.
• Thorough and complete marketing evaluation.
• Computer tracking of all property data to ensure effective management.

Powerhouse REO is a full marketing and management company servicing the Greater Los Angeles area of Southern California.