BPO & REO Services
Broker price opinion / real estate owned services to banks and government agencies include Property Securing, Loss Mitigation, Snow Removal, Management, Landscaping, Receivership, Winterizing, Re-Keying, Cleanouts, Evictions and Sales. 24 Hour Turn Around CNJ will provide a pre-foreclosure drive-by and BPO upon request with digital pictures emailed to you. CNJ will verify occupancy status, inspect within 24 hours of engagement. Property is inspected to confirm occupancy status. Contacts made with occupants or notice posted. CNJ will prepare 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. As market conditions change, CNJ will prepare updated BPOs. CNJ will furnish regular monthly reports regarding the status of REO properties.
Secure / re-key vacant properties, contact utilities, preliminary title work ordered, obtain bids for trash-out, bring property to marketable condition. Interior cleaning includes removal of debris and discarded personal items, clean all floors and hard surfaces, vacuum and mopping of floors, cleaning of cabinets, fixtures and appliances. Exterior cleaning includes removal of debris and trash from yard, cleaning of gutters, cut, trim and rake lawn, trim hedges, bushes and small trees, sweep and wash porches, patios and decks, and boarding of broken or missing windows. CNJ will arrange for lawn maintenance, snow removal, board-ups, necessary winterization and interior cleaning. CNJ will market the property, receive and qualify offers, and prepare contracts with all REO required addendums.