North Bay Property Advisors offers a fully-integrated REO/Asset Management resource for lenders, servicers, individuals and multiple beneficiaries. We can deliver a single service or complete outsourcing solutions for your REO/Asset Management needs. Acquiring a title to commercial real property by foreclosure, Deed-in-Lieu, Probate or other action presents serious management, marketing and liability concerns for the owner. William Severi can provide you with a comprehensive program designed to resolve the financial and administrative challenges associated with managing and liquidating your real property assets.

What can we do for you?

Our service provides cost-effective solutions which maximize capital recovery, while conforming to each client’s particular requirements. Our relentless commitment to professional excellence will help you reduce losses, contain costs, and to increase the overall return from your commercial and residential property in a responsible, businesslike manner.

Property Types

  • Commercial
  • Residential
  • Land

Staff and Outsourcing Expertise

  • Real Estate Brokers
  • Real Estate Appraisers
  • Receivership
  • Foreclosure Experts
  •  Title Insurance Experts
  • Bankruptcy and Eviction Attorneys
  • Contractors
  • Property Managers


Collateral Evaluation

Drive-by Broker’s Price Opinion (BPO)
  • Exterior inspection and photographs
  • Three sales comparables with photographs
  • Value Conclusion Estimated Market Value
Certified Market Analysis (CMA)
  • Interior and exterior inspection with photographs
  • Comments on interior and exterior
  • Three sales and listings comparables
Independent Fee Appraisal
  • Comply with FIREA & USPAP
  • Appraisal review
  • Certified General Appraiser, licensed to appraise all California Real Property
Tailored Assignments
  • Interview tenants
  • Interview prior listing brokers
  • Interview municipalities
  • Interview neighbors, etc
  • Combined with a BPO or CMA report in an executive summary


Alternative Options Analysis

Alternative Disposition Strategies
  • Modification agreement
  • Forbearance agreement
  • Hold or Sell options
  • Cash versus financing yields
  • Auctions versus bulk versus single sales
  • “As is” versus rehabilitated alternatives
Property / Asset Mgmt Services
  • Property Preservation
  • Re-key the property
  • Board-up / secure fencing
  • Debris removal, clean-up and maintenance
Occupancy or Tenant Status
  • Interview Occupants
  • Owner versus tenant occupancy
  • Photograph condition and fixtures with inventory
  • Rental or leasing oversight as required
  • Residential and commercial property management
Eviction Processing
  • Relocation versus eviction
  • Facilitate and monitor Unlawful Detainer
Repairs and Rehabilitation
  • Soliciting a minimum of two bids
  • Monitoring contractor’s work
  • Interacting with insurance adjusters
Reports, Inspections and Evaluations
  • Environmental assessments
  • Reports mandated by local ordinance
  • Termite, structural and roof inspections



Asset Disposition

Marketing Management

  • Placement of local broker
  • Supervision of marketing efforts


  • Purchase contracts
  • Financial qualifications of buyers
  • Analysis, presentation and response to qualified offers

Escrows and Settlements

  • Confirmation of marketable title
  • Supervision of escrows and closings
  • Assurance of compliance with local, state and federal disclosure and transfer laws


  • Auditing of all charges
  • Accounting and transaction summary