Summa REO

Millions of dollars are lost each year due to a lack of vigilance. Simple due diligence can mitigate that loss taken on each of your properties and increase the yield on the asset to the bank. The devil is in the details, and so are thousands of dollars on each transaction. We offer just such a solution to those whom we represent.

Our plan of action is simple: Regular upkeep and maintenance on each REO allows for the value at asking to increase dramatically. Lawn care, trash removal, general upkeep and repairs, and the visual representation of availability are all intrinsic parts of any properties future value.

Of course, the property is worth nothing until it is sold, and we will find the best price point for every property; a price point that will not only satisfy the borrower, but which also represents the bank’s interests.

Satisfying the REO holder is our top priority.

Talk to a Summa REO specialist today.

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R.E.O. (Real Estate Owned) -- adj. Real estate owned property is in the possession of a lender, as a result of foreclosure or forfeiture.

What does the holder of an REO portfolio care most about?

Reducing the number of non-performing assets.

An asset loses money the longer it sits unused. To maximize gains, a bank must lend money; deposits not leveraged produce no profit. The same is true for unused assets. Summa can help lenders maximize gains from the loan, by taking over responsibility for these under-performing properties.”

The Summa Team Can Also Help With:
Property Management
Short Sales/Foreclosure
Legal Issues
Market News