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Questions About REO

Q: What does REO mean?
A: REO is an acronym for "Real Estate Owned."

Q: Why do people purchase REO properties?
A: The properties are often listed "as is." That makes them great opportunities for those who want to buy and fix up the properties and use them as a principle residence or an investment property.

Q: How is purchasing REO properties different from regular real estate purchases?
A: REO properties are owned by corporations not individuals which leads to significant differences in all aspects of the purchase.

Q: What should I know about buying at a "Trustee's Sale"?
A: Do your research before buying and use extreme caution before investing. Properties purchased at a Trustee's Sale are sold "as-is" for cash. There are no refunds.

Questions About BPO

Q: What does BPO mean?
A: BPO is an acronym for "Broker Price Opinion."

Q: Why are BPO's conducted?
A: Camille's team performs a BPO of a residential property for use in collections and loss mitigation.

Q: What is contained in a BPO report?
A: The report combines information from a drive-by exterior examination, external data sources, previous sale data, property assessment data, recent comparable sales and current neighborhood listings, as well as a photograph of the subject property.

Q: What are the advantages of a BPO?
A: BPOs significantly lower loan costs and decrease turnaround time. They also provide reliable valuations to minimize credit risk. Also, an up-to-date property photograph helps assist in identification of visible deferred maintenance.

 
Current mortgage rates

Wright Realtors REO Division and its Broker, Gene Wright, are widely recognized as  leaders in the evaluation and management of defaulted REO assets in San Joaquin County.  Our REO Management Division professionals provide expert assistance to financial institutions, investors and government regulators in the evaluation, management and disposal of distressed and foreclosed residential properties.

Our comprehensive line of REO Management Asset services include:
bullet Loan Mitigation Services
bullet Property Sales Management
bullet Contractor Selection
bullet Asset Protection/Securing
bullet Property Maintenance
bullet Marketing Strategy Development and Implementation
bullet Property Repairs and Improvements
bullet Closing and Legal Services
bullet Eviction Management
bullet Rental Management
bullet Drive By and Interior BPO Services
bullet Extensive Investor Database who regularly buy assets from us
bullet ONE CONTACT for your assets.  Once you assign the asset, we don't shift your asset around from department to department.

Real Estate Market:

House of Cards

Stockton Foreclosure Market
Sagging Home Sales Worry Some Agents
Borrowers have many options to avoid mortgage default
Free Book on Avoiding Foreclosure PDF File
Survey - over 80% of all buyers begin their home search on-line
Lodi Market Stats
Stockton Market Stats
Foreclosure Guide
Subprime Loans