Inspection

Within 24 hours of notification of a new assignment, the property is inspected to confirm if it is vacant or occupied.

If Occupied…
We make every effort to have a face-to-face interview with the occupants to determine who is living in the property. Should no one be available, We post a note at the property address informing the occupants that NJ Property Realty Services, LLC represents the owner and to contact my office at once.

Prompt preparation

Within 5 days of receipt of the REO property assignment, NJ Property Realty Services, LLC prepares a BPO using the format required by your company. Based on an interior BPO, a recommendation of “as is” or “repaired” listing price is suggested.

Occupied properties

For occupied properties, where access cannot be gained, an exterior or Drive-By BPO may be prepared.
NJ Property Realty Services, LLC is aware that detailed BPO’s with pictures are essential to proper valuation. Therefore, only typed, professional, complete BPO’s are presented to the REO Specialist. We make every effort to supply you with information that will assist you in your valuation process so that the property will be sold within the quickest amount of time.

Revised BPO’s

As market conditions change, We will prepare an updated BPO.

We will furnish regular monthly reports on any date specified by your company regarding the status of REO properties you have listed with us.

Forms
We can use any form your organization requires or use a generic form.