What happens in the first 24 hours of receiving an REO Asset?

In the past few weeks, I have received many questions from agents about what can a real estate virtual assistant do when they initially receive the asset.  Real Estate Transaction Coordinators do many tasks.

Listed below are the tasks that we can begin or complete in the first 24 hours of you accepting the assignment.

1. Do a tax search for the property.
2. Save an MLS search for initial Broker Price Opinion.
3. Send the occupancy status to the Asset Manager via email
4. Complete the initial BPO.
5. Bid request from vendors
6. HOA Research
7. Schedule with all of your preferred vendors:

• Re-Key
• Order sign and lock box
• Utilities
• Trash out
• Monthly Maintenance of Property
• Notification of any hazards

To your business success!