Exit Realty Synergy International
Real Estate Owned “REO” Division
Exit
Realty Synergy International prides itself as one of the leaders in the real
Estate Brokerage industry. We use the latest technology and equipment allowing
us to give our customers the best service possible on-site and through other
media.
As
part of the Exit Realty family, with 87 offices and over 3,000 agents in the
State of
Synergy
International Realty, dba Exit Realty Synergy
International, is a corporation domiciled in the state of
Our
resume reflects the magnitude of our experience. A staff of two brokers, along with many sales
associates provides the office with complete brokerage services.
Mauricio
Gaviria, Broker-President, brings to Exit Realty
Synergy International more than 30 years experience in all types of real estate
transactions and asset management.
Elie Espiedra,
Franchisee / Sales Associate, brings more than 25 years of
experience in management, sales and marketing.
Debbie
Bahamon, Franchisee / Sales Associate, brings more
than 25 years of experience in management and marketing. She is responsible for the proper execution
of all trainings, advertising, sales activity as well as the ethical conduct of
each associate within the brokerage operation.
Enrique
Bahamon with more than 26 years of managing
experience has been the General Manager of Exit Realty Synergy since its
inception. He is responsible for all banking, trust accounts, accounting and
personnel. Before joining Exit Realty
Synergy, Mr. Bahamon was the CFO of Fusion Networks,
a public held company.
Working
within the Residential and Commercial property industry for many years, we
possess well-rounded experience concerning administrative processes associated
with all kinds of real estate transactions, involved within nearly every aspect
of the deal. We provide flexible end-to-end solutions that assist companies and
individuals to meet their objectives by giving them the best possible service
at an affordable fee to realize the highest net dollar from their assets.
As
managers of REO
properties, our priorities are :
1)
Be the eyes and ears of the asset manager.
Provide full service brokerage to the lender, from evaluations of the
property (Broker's Price Opinion -
2)
Prepare and preserve the property for sale.
Secure, clean, repair, inspect and maintain the property in a way that
will lead to a close. Make recommendations for quick sell with the highest net
return to the client.
3)
Work will all parties involved to make the sale of the property the smoothest, cost-effective
and most efficient for everyone. Use the latest Technology to market and
follow-up the selling process of the properties.
Real
Estate Owned :
Real
estate owned or REO is a class of property owned by a lender, typically a bank,
after an unsuccessful sale at a foreclosure auction. A bank will typically set
the opening bid at a foreclosure auction for at least the outstanding loan
amount. If there are no bidders that are interested, then the bank will legally
repossess the property. This is usually the case as the amount owed on the home
is probably higher than the value of this foreclosure property. As soon as the
banks repossess the property it is listed on their books as REO and categorized
as an asset (non-performing).
As
soon as a property goes into a distressed status (the borrower/home owner misses mortgage payments) the bank will want to determine
the amount of equity that the property has. A popular method to determine the
equity is to obtain a Broker Price Opinion (
After
a repossession from which the property becomes classified as REO, the bank will
go through the process of trying to sell the property on its own or obtain the
service of an REO Asset Manager. The bank will remove some of the liens and
other expenses on the home and try to resell it to the public, either through
future auctions or direct marketing through a real estate broker. The asset
Manager will also try to contact REO realtors that specialize in certain zip
codes to help sell this bank owned property. Bank REO properties are generally
in poor repair and maintenance. Real estate investors will often purchase these
properties, as banks are not in the business of owning homes and the low price
may compensate for the condition of the property.
From Wikipedia, the free encyclopedia